NSE All-Share Index drops 186.2 points

Equity transactions on the Nigerian Stock Exchange (NSE) closed on Wednesday on negative note with the All-Share Index dropping marginally by 186.2 points. Index dropped by 0.45 per cent to close at 40,878.71 against 41,064.91 achieved on Tuesday. The market capitalisation, which opened at N13.163 trillion, depreciated by N60 billion to close at N13.103 trillion.

Guinness led the losers’ chart with a loss of N2.96 to close at N219 per share.

Dangote Cement followed with N2.50 to close at N238, while Conoil lost N1.99 to close at N50 per share.

Nigerian Breweries dipped by N1.58 to close at N155.41, while Presco depreciated by N1.48 to close at N43.50 per share.

On the other hand, Total led the gainers’ table, appreciating by N4.50 to close at N175 per share. Forte Oil trailed with a gain of N12.81 to close at N102.21, while Lafarge Wapco rose by 90k to close at N108.90 per share. Berger gained 42k to close at N9.92, while Okomu Oil grew by 40k to close at N41 per share.

NAN reports that the volume of shares traded dropped by 38.43 per cent with 251.068 million shares worth N7.29 billion against the 407.798 million shares valued at N4.45 billion posted on Tuesday. The Financial Services Sector remained the toast of investors as FBN Holdings emerged the most traded stock, accounting for 28.44 million shares worth N412.67 million in 469 deals.  Zenith Bank came second with 25.86 million shares valued at N594.57 million exchanged in 266 deals, while GTBank sold 23.87 million shares worth N656.93 million exchanged by investors in 328 deals. Transcorp traded 20.50 million shares worth N85.21 million in 329 deals, while UBA accounted for 17.25 million shares at valued at N141.95 million in 191 deals.