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NSE’s market capitalisation slides further by N76bn

By on March 5, 2013

Transaction on the Nigerian Stock Exchange re-opened on a downward note yesterday, following price losses incurred by virtually all the highly capitalized companies, as market capitalization slide by N76 billion.

Similarly, volume of shares traded also dropped marginally, as 392.2 million shares worth N4.2billion changed hands in 5,337 deals, lower than 469million units valued at N3 billion exchanged in 5,034 deals on Friday.

Specifically, Guinness topped the losers chart with 650kobo to close at N270.00 per share followed by Dangote Cement with 299 kobo to close at N145.00 per share.

PZ Cussons lost 268kobo to close at N37.75 per share. Mobil lost 250 kobo to close at N126.00 per share.

Access Bank shed 50kobo to close at N11.20 per share. Airservice lost 46kobo to close at N4.23 per share. Zenith Bank,EcobankTransNational Incorporated, AfriPrudential dropped 20kobo,18kobo and ninekobo to close at N20.90,N13.82 and N1.81 per share.

AG Leventis also dropped nine kobo to close at N1.81 per share.

On the other hand, Nestle emerged the day’s highest price gainer with 1400 kobo to close at N900.00 per share while GlaxoSmithKline followed with 204kobo to close at N50.00 per share.

Nigerian Breweries added 25kobo to close at N161.75 per share, RT Briscoe gained 17 kobo to close at N2.37 per share.

TransNational Corporation, Wema Bank, Livestock gained 14kobo and 11kobo to close at N1.61,N1.29 and N2.31 per share respectively.

JohnHolt gained 10kobo to close at N2.10 while Cutix added nine kobo to close at N1.99 per share.

First City Monument Bank also added seven kobo to close at N5.00 per share.

Precisely, the All/Share index of the Nigerian Stock Exchange fell by 236.06 points or 0.7 per cent from 33,183.19 posted on Friday to 32,947.13 while market capitalization slide by N76 billion, from N10,618 trillion to N10,542 trillion.