Capital market indices dip by 0.41% on NSE

Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on positive note for the second consecutive day.

The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 158.68 points or 0.41 per cent to close at 39,017.66 as against the 38,858.98 achieved on Tuesday.

Also, the market capitalisation rose by N51 billion or 0.41 per cent to close higher at N12.532 trillion from the N12.481 trillion recorded on Tuesday.

Nestle led the gainers’ table with a gain of N22.10 to close at N1,182.10 per share.

Forte Oil followed with a gain of N5.10 to close at N111.30 per share.

Cadbury gained N3.55 to close at N74.75, while UACN chalked up N2.71 to close N57.08 per share.

Presco appreciated by 90k to close at N41 per share.

Total Oil topped the losers’ chart, shedding N9.07 to close at N172.38 per share.

Guinness trailed with a loss of N6.99 to close at N188, while Julius Berger declined by N2.35 to close at N68.50 per share.

Nigerian Breweries shed 60k to close at N151.40, while CCNN lost 47k to close at N9.03 per share.

NAN reports that the volume of shares traded dropped by 17.81 per cent as 290.968 million shares worth N4.31 billion were traded in 4,248 deals.

This was against the 354.031 million shares valued at N14.88 billion exchanged in 4,533 on Tuesday.

The Financial Services sector remained the toast of investors as FBN Holdings emerged the most traded stock with 61.32 million shares worth N760.03 million.

Access Bank followed with 47.77 million shares valued at N353.52 million, while Zenith Bank exchanged 46.77 million shares worth N1.03 billion.

Transcorp sold 17.40 million shares worth N63.24 million, while UBA accounted for 11.14 million shares valued at N76.87 million. (NAN)