NSE: Mobil Oil leads losers’ table in a bearish trading

Some blue chips equities posted price depreciation on the Nigerian Stock Exchange (NSE) on Wednesday with Mobil Oil leading the laggards’ chart.

Specifically, Mobil lost N8.80 to lead the losers’ table to close at N151.20 per share.

Nigerian Breweries trailed with a loss of N2.50 to close at N76, while Conoil dipped N2.25 to close at N20.25 per share.

Dangote Sugar Refinery was down by 75k to close at N13.20, while Ecobank Transnational Incorporated declined by 50k to close at N15 per share.

Consequently, the All-Share Index which opened at 30,718.72 shed 76.37 points or 0.25 per cent to close at 30,642.35.

In the same vein, the market capitalisation lost N34 billion to close at N11.192 trillion compared with N11.226 trillion on Tuesday.

On the other hand, CAP led the gainers’ table, gaining N3.15 to close at N34.65 per share.

Forte Oil followed with a gain of N1.95 to close at N21.95, while Guaranty Trust Bank garnered 60k to close at N35 per share.

Dangote Cement gained 50k to close at N186, while Flour Mills increased by 40k to close at N21.40 per share.

It was reported that the banking equities remained the most sought with
Zenith Bank emerging the most active stock, exchanging 55.34 million shares worth N1.32 billion.

FBN Holdings followed with an account of 54.01 million shares valued at N398.16 million, while Access Bank traded 21.01 million shares worth N156.59 million.

Diamond Bank sold 18.45 million shares valued at N17.37 million, while Guaranty Trust Bank exchanged 17.75 million shares worth N614.39 million.

In all, investors staked N3.69 billion on 246.13 million shares exchanged in 3,141 deals.

This was in contrast with a turnover of 215.38 million shares valued at N3.39 billion traded in 2,933 deals on Tuesday.