NSE Index Slips Further, Down 0.17% | Independent Newspapers Limited
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NSE Index Slips Further, Down 0.17%

Posted: Sep 11, 2015 at 12:06 am   /   by   /   comments (0)

By Bamidele Ogunwusi,


Trading on the floor of The Nigerian Stock Exchange (NSE) on Thursday as equities market closed negative again when the All-Share Index and Market Capitalisation went down by 0.17 percent each.

Market Capitalisation depreciated by N17.528 billion to close at N10.111 trillion as against N10.128 trillion recorded at the close of trading on Wednesday even as the All Share Index declined by 50.97 basis points to close trading at 29,403.12 points compared with 29,454.09 recorded on Wednesday.

A total of 306.095 million shares worth N3.094 billion changed hands in 4,650 transactions as against 459.458 million shares worth N4.287 billion changed hands in 3,396 transactions recorded the previous trading day with the financial services sector accounting for a total of 168.964 million share valued at N938.627 million in 1,661 deals in contrast to Wednesdays’ 291.698 million shares worth N1.646 billion in 1,405 deals recorded on Wednesday.

In the banking sub-sector, a total of 130.158 million shares valued at N853.117 million were bought and sold in 1,313 transactions compared to 267.383 million shares valued at N1.565 billion in 1,642 transactions recorded the previous trading day.

However, the premium board recorded a total of 80.618 million shares valued at N1.004 billion in 1,178 deals.

Just like it did on Wednesday, food products-diversified major player, Nestle Nigeria, led the decliners’ table when it went down by N18.00 to close at N820.00 per share, followed by breweries’ major, Guinness Nigeria, which slipped by 657 kobo to close at N138.05 per share, Dangote Cement lost 194 kobo to close at N165.00 per share, PZ Cussons shed 100 kobo to close at N26.00 per share, while Lafarge Cement WAPCO depreciated by 96 kobo to close at N97.00 per share, among others.

On the flip side, Cadbury Nigeria led 22 others on the gainers’ table when it gained 145 kobo to close at N23.06 per share, followed by Stanbic IBTC which added 124 kobo to close at N23.66 per share, UAC of Nigeria appreciated by 62 kobo to close at N31.68 per share, Ecobank Transnational Incorporated added 59 kobo to close at N18.16 per share, while International Breweries grabbed 50 kobo to close at N17.00 per share, among others.