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NSE index down 0.49%

By on May 7, 2013

The Nigerian Stock Exchange (NSE) could not sustain the bull-run witnessed particularly on Friday, as profit takers swooped in on the market, following which capitalisation depreciated by N55.54 billion to close at N11.169 trillion, while the All-Share index lost 173.71 basis points or 0.46 per cent from it year-high of 35,109.33 points.

Household and body care manufacturing conglomerate- Unilever led 27 others on the laggards’ side of the price movement table, after shedding 163 kobo; followed by Stanbic IBTC Bank’s 90 kobo slide, just like UACN Property Development Company (UPDC). Berger Paints dropped 68 kobo; while petroleum marketer, Oando lost 30 kobo; Juli Pharmacy lost 26 kobo; Eterna Oil and Gas dropped 22 kobo; Dangote Sugar Refinery slipped 20 kobo down; while Wema Bank and Sterling Bank both shed 13 kobo each; among others.

On the reverse side, petroleum marketer, Total Nigeria led the gainers’ side when it appreciated by 900 kobo; followed by UAC of Nigeria’s 532 kobo notch; its sister company Chemical and Allied Products chalked 468 kobo; Nigerian Breweries added 170 kobo; just as National Salt Company of Nigeria notched 90 kobo.

Others were PZ Cussons, 47 kobo; Airline Services and Logistics nicked 33 kobo; Guinness Nigeria grabbed 28 kobo; Livestock Feeds gained 18 kobo; while First City Monument Bank appreciated by 15 kobo; among others.

( DailyIndependent)