Home Business Profit taking: NSE All-Share Index drops to 28,000 mark

Profit taking: NSE All-Share Index drops to 28,000 mark


Lagos – The All-Share Index of the Nigerian Stock Exchange (NSE), on Tuesday dropped to 28,000 mark as a result of continuous profit taking embarked upon by investors.

The News Agency of Nigeria (NAN) reports that the All-Share Index lost 186.92 points or 0.64 per cent to close at 28,981.12 compared to 29,168.04 posted on Monday.

Also, the market capitalisation which opened at N10.026 trillion dipped N64 billion or 0.64 per cent to close at N9.962 trillion due to huge loss recorded by some blue chip equities.

Forte Oil topped the losers’ chart, dropping by N8 to close at N282 per share.

Nigerian Breweries trailed with a loss of N5.49 to close at N129.51, while Guinness dipped N5.25 to close at N138 per share.

Seplat shed N5.04 to close at N225 and Flour Mills declined by 90k to close at N20.90 per share.

NAN reports that Nestle recorded the highest price gain to lead the gainers’ table, growing by N8.99 to close at N822.99 per share.

Unilever followed with a gain of N3.38 to close at N36.38, while Dangote Cement gained N1 to close at N163 per share.

CAP also gained N1 to close at N39 and Ikeja Hotel appreciated by 14k to close at N3.50 per share.

NAN reports that a total of 317.41 million shares worth N1.81 billion were exchanged by investors in 3,721 deals.
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This was against 1.13 billion shares valued at N14.68 billion traded in 2,713 deals.

Equity Assurance drove the turnover volume terms, trading 70 million shares worth N35 million.

UBA followed with a total of 59.31 million shares valued at N216.16 million, with Transcorp 54.31 million shares worth N111.14 million.

Access Bank traded 28.06 million shares, valued at N126.59 million, while Zenith Bank sold 23.41 million shares worth N412.28 million. (NAN)

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