NSE moves N1.54bn worth of shares in dull trading

A total of 218.96 million shares valued at N1.54 billion were traded in 3,995 deals on the Nigerian Stock exchange on Friday. This was against the 409.19 million shares worth N2.79 billion traded in 4,705 deals on Thursday. The All-Share Index dropped marginally by 42.98 points to close at 26,559.55 from the 26,602.53 posted on Thursday.
Also, the market capitalisation, which opened at N8.477 trillion, lost N14 billion to close at N8.463 trillion as a result of price losses by some blue chips. Nestle led the price gainers with a gain of N1 to close at N670 per share, while Access Bank rose by 27k to close at N8.97 per share. Portland Paint gained 20k to close at N4.29 per share. Conversely, Con Oil topped the losers’ chart with a loss of N1.03 to close at N19.76 per share and was followed by Okomu Oil with a loss of 50k to close at N34.50 per share.
First Bank dropped 38k to close at N15.87 per share, Zenith lost 23k to close at N17.77 per share, while UAC Property shed 20k to close at N12.50 per share. The impressive unaudited third quarter result of CAP Plc raised its share by N1.50 to close at N31.93 per share on Friday. The company’s unaudited results released by the NSE showed that it made a profit of N889.79 million during the period. This was against the N620.48 million recorded in the corresponding period in 2011. The company’s turnover also appreciated by 27 per cent to N3.83 billion from the N3.02 billion recorded in 2011.