NSE capitalisation drops N26.05b | Independent Newspapers Limited
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NSE capitalisation drops N26.05b

Posted: Apr 16, 2015 at 6:19 am   /   by   /   comments (0)

By Bamidele Ogunwusi  –  Correspondent, Lagos


For the second consecutive trading day in the week, two of the basis indicators of The Nigerian Stock Exchange (NSE), the All Share Index and market capitalisation, closed in the red when they dropped 0.21 percent each.

The All Share Index shed 76.75 basis points or 0.21 percent to close at 34,965.88 as against 35,042.33 points recorded previous day, while market capitalization went down by N26.053 billion to close at N11.914 trillion as against N11.940 trillion recorded on Tuesday.

Meanwhile, investors traded in a total of 290.808 million shares, valued at N3.726 billion in 4,659 transactions as against 248.370 million shares, valued at N3.370 billion in 4,939 transactions recorded on Tuesday, with the financial services sector accounting for a total of 227.280 million shares, valued at N2.242 billion in 2,449 transactions as against 181.714 million shares, valued at N1.774 billion in 2,672 transactions recorded the previous day.

However, the banking sub-sector of the financial services sector closed after investors traded in a total of 168.681 million shares, valued at N1.995 billion in 1,413 transactions as against 114.360 million shares, valued at N1.325 billion in 1,538 transactions recorded on Tuesday.

Seplat Petroleum Development Company, which dropped 350 kobo on Tuesday, sat atop the gainers’ table on Wednesday when it appreciated by N19.25 to close at N404.25 per share, followed by 7UP Bottling Company, which gained 800 kobo just like Total Nigeria. 7UP close at N170.00 per share, while Total closed at 180.00 per share. Guinness Nigeria added 771 kobo to close at N162.05 per share, while Beta Glass nicked 129 kobo to close trading at N28.70 per share, among others.

In a twist of fate, petroleum marketer, Forte Oil,  which led the gainers’ table on Tuesday, took the driving seat on the decliners’ table on Wednesday when it went down by N10.75 to close at N204.25 per share, followed by Nigerian Breweries, which lost 400 kobo to close at N168.00 per share, Mobil Nigeria depreciated by 238 kobo to close at N160.55 per share, Nestle Nigeria lost 200 kobo to close at N946.00 per share, while Lafarge Cement WAPCO dropped 120 kobo to close at N93.00 per share, among others.