NSE market capitalisation drops by N4bn

The market capitalisation on the Nigerian Stock Exchange (NSE) on Tuesday dropped marginally by N4 billion to close at N9.56 trillion. The loss represented 0.04 per cent when compared with N9.56 trillion posted on Monday. Similarly, the All-Share Index dipped by 11.05 points to close at 27,831.95 against 27,843 points recorded on Monday.
An analysis of the price movement chart indicated that Nestle led the losers’ table with N21.30 loss to close at N816.20 per share.
Seplat came second with a loss of N14.89 to close at N282.94 per share, while Forte Oil dipped N7.80 to close at 167 per share. Lafarge Africa lost N2.79 to close at N53.07 per share and Nigerian Breweries depreciated by 87k to close at N133.13 per share.
Conversely, Dangote Cement topped the gainers’ table, growing by N3 to close at N183 per share. Guinness followed with a gain of N1 to close at N94 per share and PZ Industries gained 85k to close at N18.45 per share. Oando appreciated by 51k to close at N5.58 per share and Cadbury grew by 34k to close at N13.90 per share.
NAN also reports that investors staked N3.15 billion on 275.74 million shares transacted in 4,126 deals. This was against a turnover of 331.69 million shares valued at N4.75 billion exchanged in 4,114 deals on Monday. Zenith Bank emerged the toast of investors, exchanging 46.79 million shares worth N788.23 million. It was followed by Transcorp with 37.29 million shares valued at N43.05 million and Fidelity Bank traded 26.18 million shares worth N28.65 million. Access Bank traded 20.39 million valued at N114.67 million and FBN Holdings traded 19.35 million shares worth N64.24 million.