NSE: Indices slump as capitalisation sheds N92bn

NSE: Indices slump as capitalisation sheds N92bn
United Bank for Africa

The market capitalisation of the Nigerian Stock Exchange (NSE) which opened on Wednesday at N11.763 trillion after the public holiday lost N92 billion or 0.78 per cent to close at N11.671 trillion.

Our correspondent reports that the All-Share Index also lost 252.45 points or 0.78 per cent to close at 31,969.79 compared with 32,222.24 on Monday.

A breakdown of the price movement table shows that Presco topped the losers’ chart, dropping by N4.10 to close at N62.15 per share.

Dangote Cement trailed with a loss of N3.50 to close at N200, while Guaranty Trust Bank was down by N1.10 to close at N35.85 per share.

Lafarge Africa dropped by N1 to close at N15, while Ecobank Transnational Incorporated depreciated by 50k to close at N15.50 per share.

Conversely, Mobil recorded the highest gain to lead the gainers’ table, gaining N15 to close at N165 per share.

Stanbic IBTC followed with a gain of N2 to close at N50, while Flour Mills garnered 60k to close at N18.60 per share.

International Breweries added 55k to close at N30.75, while Prestige Insurance increased by 6k to close at 66k per share.

Oando Plc was the toast of investors during the day, exchanging 58.56 million shares worth N298.65 million.

Zenith Bank followed with an account of 23.99 million shares cost N577.59 million, while FCMB Group traded 21.64 million shares valued at N33.13 million.

Guaranty Trust Bank sold 20.83 million shares worth N759.56 million, while Fidelity bank exchanged 16.14 million shares valued at N31.63 million.

In all, a total of 237.75 million shares worth N3.50 billion were exchanged by investors in 3,559 deals, representing an increase of 60.53 per cent.

This was against the 148.10 million shares valued at N1.79 billion traded in 2,853 deals on Monday.