Nigerian Stock Market dips 0.40% as Nestle tops gainers

Trading on the Nigerian Stock Exchange (NSE) on Tuesday closed on negative stance with the benchmark indices shedding 0.40 per cent each.

Specifically, the All-Share Index lost 682 points or 0.40 per cent to close at 26,763.24 in contrast to the opening figure of 26,871.24 points recorded during the last trading session.

The Market Capitalisation also dipped by N37 billion due to profit taking and closed trading for the day at N9.201 trillion as against N9.238 trillion.

It should be recalled that the Federal Government of Nigeria declared Thursday 24th and Friday 25th of December, 2015 as Public Holiday in commemoration of the Eid-el-Maulud and Christmas Celebration before it reopened yesterday, December 29, 2015.

Checks on the NSE trading statistics showed that Seplat Plc topped the losers’ chart, dropping by N9.02 or 1.13 per cent to close at N790.98 per share.

West Africa Portland Cement Plc (WAPCO) came second with N4.30 or 4.44 per cent to close at N92.50 per share, while Unilever Plc dipped by N2.25 or 4.95 per cent to close at N43.25 per share.

Guinness Nigeria Plc declined by N2.10 or 1.71 per cent to close at N120.40 per share, while GlaxoSmithKline Plc depreciated by N1.75 or five per cent to close at N33.25 per share.

Despite the bearish trading, Forte Oil Plc led the gainers’ table with N28.35 or 9.89 per cent to close at N315.00 per share.

Mobil Oil Plc followed with additional value of N7.00 or 4.90 per cent to close at N150.00 per share, while Total Plc rose by N2.01 or 1.39 per cent to close at N147.01 per share.

Julius Berger Nigeria Plc grew by N1.32 or 3.17 per cent to close at N43.00 per share, while Cement Company of Northern Nigeria Plc (CCNN) appreciated by 84 kobo or 10.11 per cent to close at N9.15 per share.

In all, investors staked N3.562 million on 1.302 million shares in 2,445 deals.