NSE market indicators plunge further by 0.18%

Budget passage: NSE indicators rebound by 0.93%
United Bank for Africa

Activities for the third consecutive day maintained a negative trend on the Nigerian Stock Exchange (NSE) with the indices sliding further by 0.18 per cent on Wednesday.

It was reported that the All-Share Index lost 75.68 points or 0.18 per cent to close at 41,080.12 against 41,155.80 on Tuesday.

Similarly, the market capitalisation which opened at N14.907 trillion dipped N27 billion or 0.18 per cent to close at N14.880 trillion.

Nestle posted the highest gain to with N2.50 to close at N1,570 per share.

Cement Company of Northern followed with a gain of N1.15 to close at N24.60, while Dangote Cement gained one naira to close at N248 per share.

NASCON appreciated by 50k to close at N21, while Guinness also increased by 50k to close at N104 per share.

On the other hand, Unilever topped the losers’ chart, dropping N2.60 to close at N49.90 per share.

Nigerian Breweries trailed with a loss of N1.80 to close at N125.20, while CAP shed N1.66 to close at N37.10 per share.

Guaranty Trust Bank declined by 65k to close at N45, while UACN went down by 60k to close at N17.40 per share.

Financial Services sector dominated trading activities with Guaranty Trust Bank emerging the most traded with 162.82 million shares valued at N7.39 billion.

Fidelity Bank followed with an account of 29.52 million shares worth N72.74 million, while FBN Holdings traded 25.85 million shares valued at N310.90 million.

United Bank for Africa sold 15.45 million shares worth N180.90 million, while Zenith International Bank exchanged 13.78 million shares valued at N376.48 million.

In all, investors bought and sold 341.06 million shares worth N9.33 billion transacted in 3,790 deals.

Our correspondent reports that this is against a turnover of 563.62 million shares valued at N5.77 billion exchanged in 4,217 deals on Tuesday.