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Published On: Thu, Apr 10th, 2014

NSE market indices dip further by 0.12%

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Transactions on the Nigerian Stock Exchange (NSE) ended on depressed note yesterday with the market indices dropping by 0.12 per cent. The News Agency of Nigeria (NAN) reports that the market

capitalisation lost N15 billion or 0.12 per cent to close at N12.517 trillion due to profit-taking.

Also, the All-Share Index dropped by 48.4 points or 0.12 per cent to close at 38,969.26 against the 39,017.66 achieved on Wednesday.

Mobil Oil recorded the highest price loss of N4.95 to close at N120.05 per share.

It was trailed by Flourmill which lost N1.31 to close at N68.49, while Zenith Bank dipped by 85k to close at N21.25 per share. Oando depreciated by 84k to close at N16.04, while Nigerian Breweries lost 55k to close at N150.85 per share.

Conversely, Forte Oil led the gainers’ chart by N11.40 to close at N122.70 per share.

Nestle emerged second with a gain of N2.90 to close at N1, 185, while Cadbury appreciated by N2.25 to close at N77 per share.

Guinness grew by N2 to close at N190, while UACN improved by N1.92 to close at N59 per share.

In all, investors staked N3.73 billion on 256.93 million shares traded in 4,181 deals.

This was against the 290.97 million shares worth N4.31 billion traded in 4,248 deals on Wednesday.

The banking sector dominated trading as ETI exchanged 31.61 million shares valued at N410.88 million.

Zenith Bank traded 29.69 million shares worth N631.62 million, while Skye Bank accounted for 22.36 million shares valued at N76.73 million. (NAN)


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