NSE market indices down by 0.28 percent

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday returned to the negative with indices shedding 0.28 per cent amid loses by major equities.

The market capitalisation lost N25 billion or 0.28 per cent to close at N8.831 trillion compared with N8.856 trillion posted on Monday.

In the same vein, the All-Share Index which opened at 25,743. 03 shed 71.8 points or 0.28 per cent to close at 25,671.23.

Losers

Nestle, one of the most capitalised equity on the NSE led the losers’ table, dropping by N10 to close at N805 per share.

It was trailed by Guinness with a loss of N4.01 to close at N76.32 and Dangote Cement dipped N1.84 to close at N158.16 per share.

Nigeria Breweries was down by N1 to close at N144, while Cadbury depreciated by 15k to close at N11.15 per share.

Gainers

On the other hand, Total led the gainers’ table, growing by N28.29 to close at N304.44 per share.

Forte Oil followed with a gain of N7.36 to close at N79.30 and Flour Mills gained 49k to close at N18.99 per share.

NASCON added 30k to close at N6.95, while Port Land Paint increased by 18k to close at N2.08 per share.

In spite of the drop posted by the market indicators, the volume of shares traded closed higher as investors staked N2.49 billion on 189.41 million shares transacted in 2,894 deals.

This was in contrast with a turnover of 175.06 million shares valued at N3.14 billion traded in 3,048 deals on Monday.

Diamond Bank was the toast of investors with 66.55 million shares worth N57.85 million.

FCMB Group came second with an account of 26.15 million shares valued at N26.16 million and GT Bank sold 13.87 million shares worth N320.42 million.

FBN Holdings transacted 13.40 million shares valued at N44.42 million, while NEM Insurance traded 12.36 million shares worth N8.79 million.