Total loses N22 to lead losers’ table on NSE

Total Nigeria Plc on Thursday for the third consecutive day led the losers’ chart on the Nigerian Stock Exchange (NSE) forcing the All-Share Index to drop by 0.10 per cent. Its share price dropped by N22 to close at N223 per share. Okomuoil trailed with a loss of N1.92 to close at N40.08, while Forte Oil was down by N1 to close at N69 per share.

International Breweries lost 80k to close at N18.70 and Nigerian Breweries depreciated by 32k to close at N141 per share. Consequently, the All-Share Index shed 26.30 points or 0.10 per cent to close at 25,490.70 against 25,517.00 achieved on Wednesday.

Also, the market capitalisation which opened at N8.784 trillion shed N10 billion to close at N8.774 trillion posted on Wednesday. On the other hand, Mobil Oil topped the gainers’ table, growing by N3.99 to close at N199.02 per share.

Flour Mills came second with a gain of 75k to close at N19.49 and Guaranty Trust Bank chalked up 21k to close at N21.52 per share. Africa Prudential gained 13k to close at N2.79 and FBN Holding improved by 5k to close at N3.05 per share. International Breweries drove the turnover volume with a total of 22.01 million shares worth N411.57 million. It was followed by Access Bank with 20.03 million shares valued at N112.37 and GT Bank transacted 11.39 million shares worth N245.25 million.

Transcorp sold 9.91 million shares valued at N7.07 million and FBN Holdings accounted for 7.19 million shares worth N21.91 million. In all, investors bought and sold a total of 97.14 million shares valued at N1.14 billion transacted in 1,929 deals. This is in contrast with a turnover of 165.73 million shares worth N1.13 billion achieved in 2,484 deals on Wednesday.