Major equities record price depreciation on NSE

Major blue chip companies at the Nigerian Stock Exchange on Tuesday recorded price depreciation with the All-Share Index dropping by 0.20 per cent.

The News Agency of Nigeria reports that Total topped the losers’ chart with a loss of N6 to close at N151 per share.

Nigerian Breweries trailed with N2.91 to close at N139.25, while Lafarge Africa declined by N1.50 to close at N103 per share.

Unilever Nigeria Plc and PZ Cussons dipped N1.50 and N1.13 respectively to close at N42 and N30.12 per share each.

Consequently, the All-Share Index, which opened at 32,444.12, lost 63.86 or 0.20 per cent to close at 32,380.26.

Similarly, the market capitalisation lost N22 billion or 0.20 per cent to close lower at N11.053 trillion against N11.075 trillion.

Conversely, Forte Oil led the gainers’ table, gaining N6 to close at N198 per share.

Dangote Cement came second with a gain of N2 to close at N172, while Stanbic IBTC appreciated by N1.20 to close at N25.75 per share.

Neimeth increased by 13k to close at N1.47, while Pharm Deko grew by 10k to close at N2.25 per share.

In spite of the drop in market indicators, the volume of shares traded closed higher with a turnover of 217.13 million shares valued N2.99 billion exchanged in 3,737 deals.

This was against the 155.87 million shares worth N1.66 billion achieved in 3,230 deals on Monday.

The Financial Services Sector remained investors’ delight with Zenith Bank emerging the most traded equity with 84.76 million shares valued N1.61 billion transacted in 385 deals.

Wema Bank followed having accounted for 16.06 million shares worth N15.79 million exchanged in 55 deals, while GT Bank sold 15.73 million shares valued N421.51 million in 303 deals.

Also, investors’ staked N67.71 million on 15.62 million shares of UBA traded in 253 deals and FBN Holdings recorded 10.39 million shares worth N82.58 million achieved in 367 deals.

NAN.