NSE Index Sustains Negative Trend, Down 0.51%

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NSELagos – The Nigerian Equities market yesterday continued on a downward note, extending losses to second consecutive trading session in the week when the twin market indicators, the All-Share Index and Market Capitalisation depreciated by 0.51 per cent each.

The All-Share Index went down by 211.06 basis points or 0.51 per cent to close at 41,243.24 points compared to 41,454.30 points recorded on the previous trading day while Market Capitalisation depreciated by N76.0 billion to close at N14.899 trillion in contrast to N14.975 trillion recorded on Monday.

Seplat Petroleum Development Company led the losers’ chart when it lost N35.00 to close trading at N665.10 per share, trailed by Mobil Nigeria with a drop of 750 kobo to close at N177.00 per share, Total Nigeria went down by 370 kobo to close at N240.00 per share, International Breweries shed 285 kobo to close at N54.15 per share, while Guinness Nigeria depreciated by 200 kobo to close at N103.00 per share to complete the top five losers’ chart.

On the flip side, Nestle Nigeria topped the gainers’ chart, when it gained N19.00 to close at N1, 339.00 per share followed by GlaxoSmithKline Consumer which added 285 kobo to close at N30.90 per share, Forte Oil appreciated by 190 kobo to close at N41.90 per share, MRS Oil Nigeria recorded a gain of 135 kobo to close at N28.35 per share, while Cement Company of North Nigeria increased by 90 kobo to close at N19.65 per share, among others.

A further breakdown shows that Japaul Oil & Maritime Services was investors’ delight, as investors exchanged 80.287 million shares worth N58.083 million while Zenith International Bank followed with 59.852 million units valued at N1.79 billion, FBN Holdings Plc traded 24.328 million shares worth N301.219 million.

, Transnational Corporation of Nigeria Plc accounted for 22.215 million shares valued at N42.418, Access Bank sold 16.691 shares worth N189.704 million.

In all, investors exchanged 352.889 million shares valued at N4.1 billion in 4, 807 deals lower  than 379.93 million shares worth N5.1 billion achieved in 4, 913 deals on Monday.

The post NSE Index Sustains Negative Trend, Down 0.51% appeared first on Independent Newspapers Nigeria.

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