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NSE Market Capitalisation Losses N17bn

By on March 6, 2013

Trading on the Nigerian Stock Exchange (NSE) maintained the depressed note on Wednesday with the market capitalisation dropping by N17 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.490 trillion, depreciated by 0.16 per cent to close at N10.473 trillion.

The All-Share Index depreciated further by 53.48 points or 0.16 per cent to close at 32,731.08 against the 32,784.56 posted on Tuesday.

Nestle led the losers’ chart with a loss of N22 to close at N878 per share.

Total came second with a loss of N6 to close at N145, while Mobil Oil lost N1 to close at N125 per share.

Ashaka Cement dipped by 59k to close at N23.40 per share, while Cadbury lost 39k to close at N33.61 per share.

On the other hand, NewGold topped the gainers’ chart with N18 to close at N2, 418 per unit.

UACN, Oando and Nigerian Breweries gained 50k each to close at N50.50, N15.40 and N162.50 per share, respectively while Dangote Flour gained 35k to close at N9.40 per share.

NAN reports the volume of shares traded dropped by 40.04 per cent as 278.97 million shares worth N3.67 billion were traded in 5,794 deals.

Diamond Bank was the toast of investors, accounting for 28.73 million shares worth N209.49 million, while Zenith Bank sold 26.21 million shares valued N568.67 million.

( Leadership)