NSE index sheds 0.14% | Independent Newspapers Limited
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NSE index sheds 0.14%

Posted: May 6, 2015 at 3:04 am   /   by   /   comments (0)

By Bamidele Ogunwusi, Lagos


Trading on the floor of The Nigerian Stock Exchange (NSE) remained in the red territories at the close of trading on Tuesday when key market indicators, the All-Share Index and Market Capitalisation, declined by 0.13 percent each.

The loss can be attributed to losses suffered by some large-cap counters such as Nestle Nigeria, FBN Holdings and Guinness, which dropped 1.50 percent, 4.00 percent and 0.59 percent respectively.

At the close of transactions on Tuesday, the All-share index closed lower at 34,600.42 points after it went down by 48.96 basis points, from 34,649.38 points on recorded in the last trading day, while market capitalisation went down by N16.627 billion from N11.767 trillion to N11.750 trillion.

At the close of trading on Monday, a total of 247.404 million shares worth N4.246 billion changed hands in 4,848 transactions compared to 324.480 million shares valued at N6.415 billion in 4,845 transactions with the financial services sector accounting for a total of 195.520 million shares valued at N1.558 billion in 2,723 deals as against 241.522 million shares valued at N2.136 billion in 2,662 deals recorded on Monday.

On the day’s price movement chart, petroleum marketer, Total Nigeria, led the gainers’ table with a gain of 707 kobo to close at N157.40 per share, followed by Conoil which added 181 kobo to close at N38.02 per share, Ecobank Transnational Incorporated grabbed 106 kobo to close at N22.28 per share, Lafarge Cement WAPCO nicked 100 kobo to close at N95.00 per share, while Vita Foam appreciated by 53 kobo to close at N5.85 per share, among others.