NSE market capitalisation declines by N34bn

The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday declined by N34 billion as a result of price losses by some blue chips. The market capitalisation closed lower at N11.49 trillion from the N11.52 trillion recorded on Monday. Also, the All-Share Index lost 106.32 points or 0.29 per cent to close at 36,230.83 against the 36,337.15 posted on Monday.
Guinness topped the losers’ table by N5 to close at N250 per share. It was trailed by Forte Oil with a loss of N3.17 to close at N35.70, while Cadbury dipped by N2.85 to close at N50 per share. Unilever fell by 45k to close at N61.05, while UPL lost 41k to close at N3.74 per share. On the other hand, UACN led the gainers’ chart by N1 to close at N56 per share.
Total followed with a gain of 85k to close at N157.90, while Stanbic IBTC gained 57k to close at N37.50 per share. Presco gained 51k to close at N37.50 per share, while Jos International Breweries grew by 32k to close at N3.54 per share. The volume of shares traded declined by 117.96 million or 45.91 per cent as 138.95 million shares worth N1.85 billion were traded in 4,940 deals. Transcorp emerged the most traded equity, accounting for 20.78 million shares worth N28.78 million. Unity Bank followed by 13.71 million shares worth N7.38 million, while Diamond Bank sold 6.81 million shares valued at N41.52 million.