NSE market indices record further depreciation
LAGOS – The market indicators of the Nigerian Stock Exchange (NSE) on Friday recorded further depreciation dropping by 0.33 per cent as a result of sell pressure.
The News Agency of Nigeria (NAN) reports that the All-Share Index declined by 126.69 basis points or 0.33 per cent to close at 38,738.15 against 38,864.84 posted on Thursday.
The market capitalisation, which opened at N12.430 trillion, lost N40 billion or 0.33 per cent to close at N12.390 trillion due to price losses by some blue chip equities.
An analysis of the price movement chart indicated that Nestle led the losers’ chart with a loss of N25 to close at N1,175 per share.
Nigerian Breweries came second with N2 to close at N162, while Mobil Oil lost N1.80 to close at N118.20 per share.
Unilever dipped by 95k to close at N59.61, while Livestock Feeds dropped 24k to close at N4.42 per share.
Okomu Oil Palm garnered N1 to close at N44, while Union Dicon Salt rose by 63k to close at N6.83 per share.
African Prudential increased by 24k to close at N2.69, while National Salt improved by 22k per share.
NAN reports that Unity Bank for the second consecutive day remained the most traded stock, accounting for 157.23 million shares worth N83.46 million.
Wapic Insurance recorded a turnover of 87.43 million shares valued N86.61 million, while Transcorp sold 45.94 million shares valued N193.14 million.
Custodian Insurance accounted for 44.29 million shares worth N88.49 million, while Nem Insurance sold 18.18 million shares valued N10.55 million.
In all, a total of 512.01 million shares worth N3.18 billion were traded by investors in 4,271 deals against the 484.64 million shares valued at N3.73 billion traded in 5,877 deals on Thursday.
– BUSINESS DAY