NSE market indices loses 0.21% to profit taking

The market indices of the Nigerian Stock Exchange on Wednesday depreciated marginally by 0.21 per cent as a result of profit taking.

The News Agency of Nigeria reports that the market capitalisation lost N22 billion to close at N10.703 trillion against the N10.725 trillion posted on Tuesday.

Similarly, the All-Share Index, which opened at 31,332.39, dipped 65.14 points or 0.21 per cent to close at 31,267.25 following price depreciation.

Nestle Nigeria recorded the highest price loss to lead the losers’ chart, dropping by N6.93 to close at N850 per share.

Total Nigeria trailed with a loss of N1.95 to close at N163, while Ecobank Transnational declined by N1.03 to close at N19.60 per share.

Cement Company of Northern Nigeria lost 90k to close at N8.90 and Lafarge Africa shed 50k to close at N99.50 per share.

Conversely, PZ led the gainers’ table, growing by N2.12 to close at N30 per share.

7UP Bottling Company Plc followed with a gain of N1.85 to close at N185, while Beta Glass increased by N1.79 to close at N37.70 per share.

Mobil went up by N1 to close at N156 and Flour Mills Nigeria increased by 80k to close at N30 per share.

UBA drove the volume of shares traded with a turnover of 69.45 million shares worth N299.95 million.

Union Dicon Salt followed with 50 million shares valued N25 million, while Transcorp traded 37.67 million shares worth N90.15 million.

Fidelity Bank exchanged 32.68 million shares valued N50.67 million and FBN Holdings sold 23.15 million shares worth N176.38 million.

In all, investors’ staked N2.58 billion on 329.26 million shares exchanged in 4,457 deals.

NAN reports that this was against the 1.06 billion shares worth N15.78 billion transacted in 3,471 deals on Tuesday.

NAN.

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