Market base transactions close on downward trend on Tuesday

Transactions on the Nigerian Stock Exchange (NSE) closed on depressed note on Tuesday as the volume of shares traded dropped by 6.71 per cent.

The News Agency of Nigeria (NAN) reports that investors staked N4.86 billion on 369.840 million shares in 4,494 deals.

This was against 396.460 million shares worth N3.79 billion exchanged by investors in 4,154 deals on Monday.

GTBank was the toast of investors, accounting for 65.53 million shares valued at N1.69 billion.

Zenith Bank came second on the activity chart with 40.61 million shares worth N844.09 million, while UBCAP sold 35.61 million shares valued at N93.82 million.

Access Bank accounted for 32.77 million shares worth N243.99 million, while UBA recorded a turnover of 26.29 million shares valued at N184.28 million.

The market indices declined by 0.94 per cent as a result of losses posted by some highly capitalised stocks.

NAN reports that the market capitalisation lost N117 billion to close lower at N12.329 trillion against the N12.446 trillion recorded on Monday.

The NSE All-Share Index lost 364.96 points or 0.94 per cent to close at 38,383.05 from the 38,748.01 achieved on Monday. ​

Dangote Cement led the losers’ chart, dropping N6.93 to close at N235 per share.

It was followed by Guinness and Lafarge Wapco with a loss of N5 each to close at N195 and N104.50 per share, respectively.

Cadbury lost N3.55 to close at N75, while Nigerian Breweries went down by N1.98 to close at N151 per share.

NAN reports that Forte Oil recorded the highest price gain of N4.79 to close at N101.29 per share.

International Breweries trailed with a gain of N2.48 to close at N26.68, while UAC-Property appreciated by N2.35 to close at N25.38 per share.

Zenith Bank gained 95k to close at N20.95, while GTBank grew by 80k to close at N26.30 per share. (NAN)