Bearish Sentiments Continue, As NSE Index Down 0.21% | Independent Newspapers Limited
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Bearish Sentiments Continue, As NSE Index Down 0.21%

Posted: May 22, 2015 at 2:15 am   /   by   /   comments (0)

By Bamidele Ogunwusi  –  Lagos


For the third consecutive trading day, the Nigerian Bourse closed negative on Thursday when key market indicators, the All-Share Index and Market Capitalisation, depreciated by 0.21 each.

The All Share Index depreciated by 73.7 basis points or 0.21 percent to close at 34,459.70 points as against 34, 533.40 points recorded on Wednesday, while market capitalisation shed N25.039 billion to close at N11.708 trillion compared with N11.733 trillion recorded the previous day.

Investors at the close of trading on Thursday bought and sold a total of 196.212 million shares valued at N1.357 billion in 3,876 transactions as against 1.881 billion shares valued at N5.494 billion in 4,797 transactions recorded on Wednesday with the financial services sector accounting for a total of 128.014 million shares valued at N721.819 million in 2,039 deals compared with 1.821 billion shares valued at N2.274 billion in 2,754 deals recorded on Wednesday.

However, in the banking sub-sector, investors bought and sold a total of 85.037 million shares valued at N578.661 million in 1,334 transactions as against 180.484 million shares valued at N1.239 billion in 1,904 transactions recorded in the previous trading day.

National Salt Company of Nigeria led 19 others on the gainers’; table when it appreciated by 23 kobo to close at N8.38 per share, followed by Fidson Healthcare which increased by 14 kobo to close at N3.44 per share, building materials’ Dangote Cement grabbed 11 kobo to close at N177.75 per share, Vono Nigeria added 10 kobo just like Ecobank Transnational Incorporated (ETI). Vono close at N1.12 per share, while ETI closed at N21.70 per share, among others.







On the flip side, Seplat Petroleum Development Company, led the decliners’ table when it went down by N13.78 to close at N372.22 per share, followed by breweries’ major, Guinness Nigeria, which lost 100 kobo to close at N158.05 per share, its peer- Nigerian Breweries depreciated by 62 kobo to close at N153.98 per share, UACN Property Development Company shed 40 kobo to close at N10.00 per share, while Vitafoam Nigeria declined by 26 kobo to close at N5.03 per share, among others.