NSE Market Capitalisation Depreciates By N149bn

Photo Credit: PremiumTimesng
Photo Credit: PremiumTimesng

The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by N149 billion or 1.11 per cent on Thursday as major stocks recorded price loss.

The News Agency of Nigerian (NAN) reports that the market capitalisation closed lower at N13.237 trillion from the N13.386 trillion recorded on Wednesday.

The All-Share Index, which opened at 41,830.89, dropped by 467.84 points or 1.11 per cent to close at 41,363.05.

Dangote Cement led the losers’ chart by N10 to close at N230 per share.

Lafarge Wapco followed, depreciating by N2 to close at N113, while Nigerian Breweries lost N1.60 to close at N166 per share.

Unilever dipped by N1.44 to close at N51.80, while Champion fell by 84k to close at N16.07 per share.

On the other hand, Mobil led the gainers’ table by N5.58 to close at N117.30 per share.

Conoil gained N2.42 to close at N52.40, while Oando grew by N2.21 to close at N23.89 per share.

CAP appreciated by N1.28 to close at N47.98, while Uac-Prop chalked up 90k to close at N20.90 per share.

Unitykap emerged as the most traded stock, accounting for 30.15 million shares worth N15.08 million in three deals.

Transcorp exchanged 29.55 million shares valued at N119.25 million in 346 deals, while Unity Bank sold 22.76 million shares worth N11.38 million in 56 deals.

In all, the volume shares traded decreased by 10.80 per cent as 322.280 million shares worth N3.25 billion were exchanged in 5,509 deals.

This was against the 361.312 million shares valued at N3.84 billion traded in 6,411 deals on Wednesday.


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