NSE market indices record marginal loss of 0.09%

Activities on the Nigerian Stock Exchange (NSE) closed on Thursday on a downward trend with the market indices dropping marginally by 0.09 per cent.

Our correspondent reports that the All-Share Index closed lower at 37.76 points or 0.09 per cent to close at 40,808.48 compared with 40,846.24 achieved on Wednesday.

Also, the market capitalisation which opened at N14.754 trillion shed N14 billion or 0.09 per cent to close at N14.740 trillion.

An analysis of the price movement showed that Dangote Cement recorded the highest loss, shedding N2 to close at N258 per share.

Unilever came second with a loss of N1.90 to close at N52, while UACN declined by 60k to close at N16.90 per share.

Forte Oil was down by 55k to close at N36.95, while Guinness depreciated by 50k to close at N103 per share.

On the other hand, Mobil Oil led the gainers’ table, growing by N8 to close at N200 per share.

Stanbic IBTC followed with a gain of N1.60 to close at N50, while Ecobank Transnational Incorporated gained 85k to close at N18.40 per share.

Nigerian Breweries increased by 70k to close at N130, while Oando which technical suspension was lifted today grew by 60k to close at N6.60 per share.

Similarly, the volume of shares traded declined by 44.09 per cent with an exchange of 205.29 million shares valued at N3.12 billion transacted in 4,237 deals.

This was against the 367.22 million shares worth N5.33 billion traded in 4,462 deals on Wednesday.

United Bank for Africa emerged toast of investors, exchanging 30.16 million shares valued at N328.41 million.

Zenith International Bank followed with an account of 28.07 million shares worth N727.86 million, while Guaranty Trust Bank traded 21.824million shares valued at N938.24 million.

FBN Holdings sold 14.38 million shares worth N175.18 million, while FCMB Group exchanged 13.69 million shares valued at N32.67 million.