Capital market indices drop by 0.38 per cent

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Activities at the () on Thursday continued on declining trend with the market indices for the third-consecutive day closing following increased taking.

The News Agency of Nigeria (NAN) reports the market capitalisation lost N45 billion or 0.38 per cent close at N11.869 trillion against N11.914 trillion posted on Wednesday due price depreciation.

The All-Share Index, which opened at 34,965.88 points, lost 133.26 points or 0.38 per cent close at 34,832.62 points.

Nigerian Breweries recorded the highest price loss lead the losers’ chart, dropping by N8.39 close at N159.61 per share.

Seplat trailed with a loss of N5.42 to close at N398.83, while Conoil lost by N1.50 to close at N38 per share.

Lafarge Wapco depreciated by naira to close at N92, while Cement lost 90k to close at N179.10 per share.

Also, Guinness led the gainers’ table, increasing by N10.18 to close at N172.23 per share.

It was followed by Mobil with a gain of N3.44 to close at N163.99, while UAC rose by N1.63 to close at N41 per share.

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ETI appreciated by 91k to close at N20.50, while Union Bank gained 70k to close at N10.80 per share.

In all, investors staked N3.86 billion on 719.74 million shares traded in 4,494 deals or an increase of 147.49 per cent against 290.81 million shares worth N3.73 billion exchanged in 4,659 on Wednesday.

Standard Alliance Insurance drove activity with 316.40 million shares valued N158.20 million traded in seven deals.

UBA sold 73.25 million shares worth N358.94 million transacted in 258 deals, while Transcorp accounted for 36.77 million shares valued N115.38 million in 222 deals.

Mansard Insurance traded 33.16 million shares worth N100.87 million achieved in 18 deals, while GTBank transacted 31.29 million valued N900.07 million exchanged in 272 deals. (NAN)

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