Blue chips shed prices on NSE

NSE maintains positive trend, records 0.92% appreciation
United Bank for Africa

Some blue chips on Wednesday recorded price losses on the Nigerian Stock Exchange (NSE) with the market indicators sliding by 0.57 per cent.

Newsverge reports that Seplat Petroleum topped the losers’ chart, shedding N20 to close at N380 per share.

Dangote Cement lost N4.46 to close at N152.15, while Forte Oil declined by N2.74 to close at N52.16 per share.

Lafarge Africa was down by N1.95 to close at N37.05, while Ashaka Cement depreciated by 89k to close at N10.36 per share.

Consequently, the market capitalisation lost N49 billion to close at N8.647 trillion against N8.696 trillion posted on Tuesday.

The All-Shares Index, which opened at 25,129.27, shed 143.25 points or 0.57 per cent to close at 24,986.02.

On the other hand, Nigerian Breweries led the gainers’ table, growing by N6.65 to close at N139.80 per share.

Guinness followed with a gain of N2.54 to close at N66.94, while Unilever gained N1.40 to close at N29.40 per share.

Dangote Sugar appreciated by 27k to close at N6, while Ecobank Transnational Incorporated garnered 10k to close at N10.10 per share.

Stanbic IBTC emerged the toast of investors, exchanging 29.01 million shares worth N515.11 million.

Access Bank followed with a turnover of 28.90 million shares valued at N185.81 million, while Zenith Bank traded 24.03 million shares valued at N350.97 million.

Fidelity Bank exchanged 18.69 million shares worth N15.32 million, while FBN Holdings traded 13.19 million shares worth N39.53 million.

In all, a total of 218.72 million shares valued at N3.89 billion were exchanged by investors in 3,191 deals against 215.36 million shares worth N2.59 billion traded in 3,692 deals on Tuesday.