Total Plc Leads Equity Market into 0.31% Loss

March 28, 2017
Total Plc Leads Equity Market into 0.31% Loss

Total Plc Leads Equity Market into 0.31% Loss

By Modupe Gbadeyanka

The equity market segment of the Nigerian Stock Exchange (NSE) slumped into a loss on Tuesday with profit-taking in Total Plc dragging the market to a 0.31 percent fall.

A total of 22 stocks appreciated at the close of trading activities today in contrast to 14 stocks that depreciated in price.

Apart from Total Plc, which declined by N12.90k to close at N260 per share, other losers were Dangote Cement, Lafarge, PZ Cussons and Ecobank.

While Dangote Cement lost N3 to finish at N162 per share, Lafarge went down by N1.5k to end at N38.85k per share.

PZ Cussons crashed by 59k to finish at N14 per share, while Ecobank weakened by 45k to close at N8.55k per share.

The benchmark index recorded a fall by 78.45 points to close at 25,406.72 points, while the market capitalisation declined by N27.2 billion to finish at N8.79 trillion and the YTD loss trimmed marginally to -5.46 percent.

Seplat emerged the biggest gainer at the market on Tuesday with a rise of N36.82k to close at N396.10k per share.

7up trailed with a gain of N3 to finish at N83 per share, while Nestle added N1 to end at N750 per share.

International Breweries rose by 75k to close at N15.75k per share and GTBank appreciated by 45k to finish at N26.95k per share.

Investors traded a total of 916.3 million shares on the floor of the NSE today in 3,342 deals valued at N2.4 billion.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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