NSE All Share Index Down 0.09% | Independent Newspapers Limited
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NSE All Share Index Down 0.09%

Posted: Jun 11, 2015 at 1:00 am   /   by   /   comments (0)

By Bamidele Ogunwusi – Lagos


The equities market on Wednesday sustained its bearish run as its twin indicators, the All-Share Index and Market Capitalisation both went down by 0.09 percent each.

The market’s All Share Index went down by 29.82 basis points or 0.09percent to close at 33,462.34 points as against 33,492.17 points recorded on Tuesday, while market capitalisation went down by N10.181 billion to close at N11.422 trillion compared with N11.432 trillion recorded in the previous trading day.

However, at the close of trading on Wednesday, investors bought and sold a total of 590.790 million shares valued at N4.125 billion in 3,863 transactions as against 226.198 million shares valued at N2.743 billion in 3,512 transactions recorded on Tuesday.

The financial services sector accounted for a total of 348.268 million shares valued at N2.213 billion in 2,248 deals as against 162.199 million shares valued at N1.369 billion in 1,956 deals recorded the previous trading day.

In the banking subsector, investors also bought and sold a total of 220.742 million shares valued at N2.009 billion in 1,609 transactions compared with 99.813 million shares valued at N1billion in 1,218 transactions recorded on Tuesday.

Petroleum marketer, Forte Oil led 17 others on the gainers’ table when it appreciated by N14.63, followed by PZ Cusson, Nestle Nigeria, Nigerian Breweries and GlaxoSmithKline Consumer which added 153 kobo, 100 kobo, 90 kobo and 88 kobo, respectively, among others.

Beta Glass sat atop the losers’ table when it lost 210 kobo followed by Stanbic IBTC which depreciated by 100 kobo, while Zenith Bank, Guaranty Trust Bank and Lafarge Cement WAPCO  went down by 64 kobo, 44 kobo and 40 kobo, respectively, among others.