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Stock Market Watch: Market Cap loses N11billion on Tuesday

By on September 24, 2013

stockmarketThe bearish trend continued on Tuesday at the stock market as the market capitalisation of the listed entities closed at N11.484 trillion when trading ended on the floor of the Nigerian Stock Exchange, NSE, depreciating by 0.09 percent or N11 billion when compared with Monday’s N11.495 trillion.

The All Share Index, ALSI, equally dipped by 0.09 percent or 32.62 points to close at 36,056.02 basis points as against Monday’s closing figure of 36,088.64 basis points.

At the close of transactions on Tuesday, investors exchanged 251.31 million shares valued at N2.94 billion in 4,719 deals as against the 261.32 million shares valued at N1.52 billion that was traded in 4,616 deals on Monday by investors.

The top five gainers chart on Tuesday was led by Nestle Plc which gained N41.16k in its share price to close at N981.18k per share while Glaxosmithklime was second with a price share gain of N5.00 to close at N69.00 per share.

UPL was third with a gain of N0.34k in its share price to close at N3.74k per share while Stanbic was fourth with a price gain of N0.30k to close at N19.00 per share.

Okomu oil was last on the chart with a gain of N0.27k in its share price to close at N45.80k per share.

On the losers end, Total came first with a loss of N15.00 in its share price to close at N151.00 per share.

Nigerian Breweries was second with a drop of N4.91k in its share price to close at N160.09k per share while Unilever was third losing N1.00 in its share price to close at N58.00 per share.

Mansard was fourth on the chart with a loss of N0.16k in its share price to close at N1.95k per share while John Holt was last with a price loss of N0.12k in its share to close at N1.15k per share.

The top five trades by volume chart on Tuesday was led by Unity Bank with 53.20 million volume of shares worth N31.36 million while Guaranty Trust Bank was second with 36.46 million shares valued at N912.07 million.

Zenith Bank was third with 35.58 million shares valued at N711.29 million while Access Bank was fourth with 18.40 million shares valued at N184.01 million.

UBA was last on the chart with 14.55 million shares volume at N107.54 million.