Home Business NSE market capitalisation dips by 0.08%

NSE market capitalisation dips by 0.08%


Lagos-  Transactions on the Nigerian Stock Exchange (NSE) closed for the year on a downward note as the market capitalisation depreciated marginally by 0.08 per cent.
The News Agency of Nigerian (NAN) reports that the depreciation was due to price losses by major stocks.
As a result, the market capitalisation lost N9 billion to close at N11.477 trillion from the N11.486 trillion recorded on Tuesday.
Also, the All-Share Index, which opened at 34,684.32 dropped by 27.17 points to close at 34,657.15.
Nestle led the losers’ chart by N31.25 to close at N1,011.75 per share.
Total Oil depreciated by N7.50 to close at N142.50, while Nigerian Breweries dipped by N3.70 to close at N165.30 per share.

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Conoil lost N2 to close at N38.11 per share and Guinness dropped N1.85 to close at N168.15 per share.
On the other hand, Dangote Cement led the gainers’ chart by N7.59 to close at N200 per share.
7UP gained N5.40 to close at N165.40, while Forte Oil grew by 65k to close at N227.90 per share.
ETI appreciated by 58k to close at N18.58, while PZ Cussons chalked up 47k to closed at N23.80 per share.
Unitykap emerged as the most traded stock, accounting for 65.12 million shares worth N32.56 million in two deals.
FCMB exchanged 37.73 million shares valued at N91.12 million in 127 deals, while Transcorp sold 22.42 million shares worth N72.87 million transacted by investors in 130 deals.
In all, investors exchanged a total of 233.81 million shares worth N4.23 billion in 2,775 deals.
This was against the 390.82 million shares valued at N6.99 billion traded in 4,637 deals on Tuesday. (NAN)

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