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NSE market indices record further depreciation

By on April 26, 2013

Weekly transactions on the Nigerian Stock Exchange (NSE) closed on bearish note on Friday as the market indices depreciated further.

The News Agency of Nigeria (NAN) reports that the market indices dropped by 0.34 per cent following price losses.

The NSE All-Share Index lost 112.26 points to close at 33,159.08 against the 33,271.34 posted on Thursday.

Also, the market capitalisation, which opened at N10.64 trillion, dropped N36 billion to close at N10.60 trillion.

Total topped the losers’ table with N15 to close at N157 per share.

Nestle trailed with N2.01 to close at N898, while Unilever lost N1.50 to close at N55 per share.

Cadbury depreciated by N1.29 to close at N32.21, while Dangote Cement lost N1.15 to close at N158.85 per share.

On the other hand, Ashaka Cement recorded the highest price gain to lead the gainers’ chart by 29k to close at N23.50 per share.

Dangote Sugar came second on the gainers’ chart with 20k to close at N7.49, while RT Briscoe gained 18k to close at N2 per share.

GTBank appreciated by 15k to close at N25.55, while John Holt increased by 14k to close at N1.54 per share.

NAN reports that in all 123.54 million volume of shares valued N1.61 billion transacted in 3,876 deals.

This is against the 634.71 million shares worth N4.24 billion exchanged by investors in 4,729 deals.

Skye Bank emerged the most traded stock, accounting for 14.56 million shares valued N81.36 million.

It was followed by GTBank with 10.66 million shares worth N272.19 million, whille FBN Holdings sold a total of 8.20 million shares valued at N162.24 million.

( The Nation)