NSE: Market capitalisation slides by 0.30%

Equity transactions on the Nigerian Stock Exchange (NSE) closed in a downward note yesterday, as a result of price losses suffered by most blue-chip companies, as the market capitalization slide further by N38 billion.

Yesterday, market capitalisation of listed equities depreciated by N38 billion or 0.30 per cent to N12.575 trillion from N12.613 trillion recorded on Tuesday.

Also the Nigerian Stock Exchange (NSE) fell by 119.10 basis points to 39150.30 points from 39269.40 points traded the previous day.

Further analysis of the transactions showed that Guinness Nigeria Plc led losers chart, dropping by N6.85 kobo to close at N173.15 kobo, Flour Mills Nigeria Plc trailed with a loss of N2.00 to close at N76.00 while Dangote Cement, Mobil Nigeria Plc and PZ Cussons depreciated by N1.02 kobo, N1.00 and N1.00kobo respectively to close at N238.98 kobo, N122.00 and N34.00 per share.

On the other hand, Seven Up Bottling Company of Nigeria Plc recorded the highest gain for the day, gaining N4.13 kobo to close at N86.77 per share.

Conoil Plc followed with a gain of N1.90 kobo to close at N51.90 per share while Larfarge Wapco appreciated by N1.50 kobo to close at N112.50 per share.

Other companies that enhanced in price were Zenith Bank Plc and Union Bank of Nigeria Plc, adding N0.58 kobo and N0.50 kobo respectively to close at N22.57 kobo and N10.68 per  share.

On the activity chart, Access Bank was the most active stock for the day, trading 47.185 million shares worth N361.257 million in 177 deals,   Transnational Corporation of Nigeria (Transcorp) followed with account of 27.970 million shares valued at N113.584 million in 266 deals  while Guaranty Trust Bank (GTBank) traded 25.970 million shares valued at N649.748 million in 240 deals.

Wapic Insurance exchanged 25.376 million shares cost N21.672 million in 58 deals and FBN Holdings sold a total of 21.302 million shares valued at N266.056 million in 595 deals.

Investors in all bought 281.637 million shares worth N3.115 billion transactions in 4506 deals against 347.699 million shares valued at N3.701 billion exchanged by investors in 4782 deals.


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