LAGOS – Activities on the Nigerian Stock Exchange (NSE) on Wednesday remained on a downward trend with the All-Share Index dropping further by 0.22 per cent.
The News Agency of Nigeria (NAN) reports that the All-Share Index lost 76.45 points to close at 34,965.88, against the 35,042.33 achieved on Tuesday.
Also, the market capitalisation which opened at N11.941 trillion lost N27 billion to close at N11.914 trillion.
An analysis of the price movement chart indicated that Forte Oil topped the losers’ table with a loss of N10.75 to close at N204.25 per share.
Nigerian Breweries came second with N4 to close at N168, while Mobil Oil dipped N2.38 to close at N160.55 per share.
Nestle lost N2 to close at N946 and Lafarge Wapco shed N1.20 to close at N93 per share.
On the other hand, Seplat led the gainers’ chart, increasing by N19.25 to close at N404.25 per share.
7UP and Total Oil garnered N8 to close at N170 and N180 per share, respectively.
Guinness rose by N7.71 to close at N162.05 and Betaglass appreciated by N1.29 to close at N28.70 per share.[pro_ad_display_adzone id=”10″]
NAN also reports that in spite of the drop in market indices, the volume of shares traded closed higher with a total of 290.81 million shares worth N3.73 billion, transacted in 4,659 deals.
United Bank for Africa was the toast of investors, accounting for 58.79 million shares worth N286.21 million traded in 381 deals.
ETI followed with 35.56 million shares valued N710.89 million achieved in 36 deals, while UBA Capital sold 21.20 million shares worth N32.68 million in 179 deals.
GT Bank exchanged 20.09 million shares valued N568.41 million achieved in 264 deals and Fidelity Bank traded 19.97 million shares worth N42.88 million transacted in 148 deals. (NAN)
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