NSE Market Cap Sheds N22.95b | Independent Newspapers Limited
Newsletter subscribe


NSE Market Cap Sheds N22.95b

Posted: Sep 22, 2015 at 12:48 am   /   by   /   comments (0)

By Bamidele Ogunwusi,


Trading on the floor of The Nigerian Stock Exchange (NSE) closed in the red on Monday as the market twin indicators, the All Share Index and Market Capitalisation depreciated by 0.22 per cent each.

Market Capitalisation depreciated by N22.953 billion to close at N10.401 trillion as against N10.424 trillion recorded at the close of trading on Friday while the All Share Index went down by 66.78 basis points or 0.22 per cent to close trading at 30, 265.90 points compared with 30, 332.68 points recorded at the weekend.

A total of 175.564 million shares worth N1.556 billion changed hands in 3,157 transactions as against 333.434 million shares worth N3.511 billion in 3,292 transactions recorded on Friday with the financial services sector accounting for a total of 111.210 million shares valued at N623.687 million in 1,045 deals compared with 231.840 million shares valued at N870.726 million in 1,285 deals recorded the

previous trading day.

However, in the banking sub-sector, investors bought and sold a total of 67.266 million shares valued at N589.032 million in 1,045 deals as against 78.954 million shares valued at N744.712 million in 963 deals recorded on Friday, the premium board recorded a total of 31.141 million shares valued at N423.176 million in 790 deals compared with 49.239 million shares valued at N849.458 million in 669 deals recorded at the weekend.

UAC of Nigeria led the decliners’ table when it depreciated by 116 kobo to close at N30.66 per share, followed by Flour Mills of Nigeria went down by 108 kobo to close at N22.54 per share, Guinness Nigeria lost 101 kobo to close at N154.00 per share, building materials’ Dangote Cement dropped 97 kobo to close at N166.04 per share, while Presco slipped by 55 kobo to close at N30.55 per share, among others.

On the flip side, Seplat Petroleum Development Company, led 15 others on the gainers’ table when it added 300 kobo to close at N243.00 per share, followed by breweries’ major, Nigerian Breweries which gained 40 kobo to close at N136.40 per share, E-transact added 24 kobo to close trading at N2.67 per share, Unilever Nigeria appreciated by 23 kobo to close at N45.45 per share, while Portland Paints and Products grabbed 20 kobo to close at N4.13 per share, among others.