NSE’s indices sustain sliding profile, down by N36b

Stock.-CopyEquity transactions on the trading floor of the Nigerian Stock Exchange sustained sliding profile yesterday, following price losses suffered by major blue chip companies, causing market capitalization to depreciate further by N36 billion.

Specifically, at the closed of transactions yesterday, market capitalisation declined by 0.34 per cent to N10.457 trillion from N10.493 trillion recorded on Tuesday.

Also the NSE All Share Index dropped by 103.86 basis points to 30510.95 from 30614.81 traded previously.

Investors during the day exchanged 222.690 million shares worth N4.388 billion in 3601 deals against 536.827 million shares valued at N4.911 billion traded the previous day in 3458 deals.

A breakdown of the transactions indicated that ‎ Mobil Oil Nigeria Plc led gainers table growing by N5.98 kobo to close at N155.98 kobo, Betaglass followed with a gain of N1.97 kobo to close at N41.47 kobo, Flour Mills Nigeria Plc gained N0.98 kobo to close at N28.98 kobo, Dangote Cement increased by N0.51 kobo to close at N170.52 kobo while Champion Breweries grew by N0.25 kobo to close at N5.36 kobo.

On the contrary, ‎ Guinness Nigeria Plc topped losers chart, dropping by N4.60 kobo to close at N134.00, Seplat Petroleum Development shed N4.00 to close at N315.00, Glaxosmith went down by N2.00 to close at N40.00. Other companies that depreciated in price were CAP Plc and Nigerian Breweries which fell by  N1.95 kobo and N1.02 kobo respectively to close ay N37.95 kobo and N122.00.

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