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Market Capitalisation Loses N96.65bn

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The Nigerian capital market closed trading on a negative trend with the value loses recorded by Dangote Cement, Nigerian Breweries, Guinness Nigerian Plc and Total Nigeria Plc.

The market capitalisation shed N96.65 billion in trading to close at N13.16 trillion as against N13.26 trillion recorded on Monday.

The All-Share Index also recorded a loss of 301.51 points to close at 41,064.91 points in contrast to 41,366.42 points recorded the previous day.

On the sectoral indices, the NSE 30-Index lost 0.79 per cent to close at 1,863.02 points, the Banking Index depreciated by 2.01 per cent to close at 416.36 points, the Insurance went down by 0.03 to close at 150.11 points while Industrial Goods Index shed by 0.14 per cent to close at 2,604.25 points.

NSE- Consumer Goods appreciated by 0.13 per cent to close at 1,057.71 points, the Oil & Gas went up by 2.67 per cent to close at 326.38 points and the Lotus Islamic Index rose by 0.25 to close at 2,893.71 points.

Capital market analysts highlighted that values lost on Nigerian Breweries, Dangote Cement, Guinness Nigerian and Total had brought the market indicators down to close the day’s transaction, resulting to lose of Monday gains as market continues to fluctuate.

Market turnover by way of volume traded was valued at N4.45 billion for 407.8 million ordinary shares were exchanged hands in 5,846 deals yesterday.

At the close of transaction yesterday, there were 57 price movements with 32 companies belonging to price gainers, while 25 others made-up the losers’ table.

Beta Glass Plc led the price gainers table. The company gained N1.80 kobo to close transaction at N19.47 kobo per share. Neimeth International Pharmaceuticals Plc gained by N0.17 kobo to close at N1.89 kobo per share, while Great Nigerian Insurance Plc added N0.05 kobo to close at N0.64 kobo per share.

Learn Africa Plc led the losers table with N0.09 kobo to close the day’s trading at N1.81 kobo per share.  It was followed by Livestock Plc losing with N0.19 kobo per share to close at N4.03 kobo. International Breweries Plc shed N1.04 kobo per share to close at N28.95 kobo from an opening of N29.99 kobo per share.

Article Credit: Leadership Newspaper

Updated 5 Years ago

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