NSE capitalisation closes lower at N11.94t

The market capitalisation of the Nigerian Stock Exchange on Tuesday lost N9 billion as a result of huge losses by some highly capitalised stocks.
The News Agency of Nigeria reports that the market capitalisation closed lower at N11.94 trillion against the N11.95 trillion achieved on Monday.
The All-Share Index declined by 27.62 points or 0.07 per cent to close at 37,358.74 compared with 37,386.36 posted on Monday.
Total Nigeria recorded the highest price loss, dropping N8.50 to close at N160 per share.
Cadbury lost N5.80 to close at N52.70, while CAP dropped N4.44 to close at N45 per share.
International Breweries and Ashaka Cement dipped by N1.49 each to close at N25.01 and N26.26 per share, respectively.
On the contrary, 7UP topped the gainers’ chart, rising by N2.50 to close at N52.50 per share.
Nigerian Breweries grew by N2.18 to close at N174.08, while Julius Berger inched by N1.25 to close at N56,25 per share.
UACN gained 50k to close at N57.91, while Stanbic IBTC appreciated by 45k to close at N15.70 per share.
In all, investors staked N4.45 billion on 427.51 million shares in 6,355 deals, an increase of 23.85 per cent.
NAN reports that this was against the 345.19 million shares worth N2.86 billion traded in 5,790 deals on Monday.
Unity Bank, for the second consecutive day, emerged the most traded equity, accounting for 69.31 million shares valued at N45.12 million.
UBA came second on the activity chart with a total of 35.09 million shares worth N298.57 million, while Law Union Assurance accounted for 31.10 million shares valued at N15.55 million.