NSE indices dip by 0.25%

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a depressed note as the market capitalisation dropped by 0.25 per cent due to profit-taking by investors.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N13.703 trillion, lost N34 billion to close at N13.669 trillion.

Also, the All-Share Index lost 104.32 points or 0.25 per cent to close at 41,397.68 from the 41,502.00 achieved on Monday.

Nestle topped the losers’ chart with N6.99 to close at N1, 083 per share.

It was followed by Mobil which lost N4.98 to close at N125, while MRS Oil dipped by N4.76 to close at N61.83 per share.

UACN lost N1 to close at N3.17, while Dangote Cement shed N1.50 to close at N228 per share.

Market analysts attributed the depressed situation to profit-taking by some investors following the growth recorded by the market in the last four days.

Conversely, Forte Oil topped the gainers’ chart with N21.22 to close at N257.01 per share.

Seplat came second with a gain of N5.95 to close at N676.95, while Total gained N4.99 to close at N173 per share.

7UP rose by N4.20 to close at N90, while Ashaka Cement improved by N2.40 to close at N25.99 per share.

In all, investors exchanged 334.422 million shares worth N5.63 billion in 6,091 deals.

NAN reports that this was against the 418.490 million shares valued at N11.52 billion traded in 6,063 deals on Monday.

Transcorp was the toast of investors, trading 32.76 million shares worth N130.49 million.

Afriprud sold 31.23 million shares valued at N98.78 million, while FBN Holdings sold 28.04 million worth of shares worth N28.04 million.

Zenith Bank accounted for 23.51 million shares valued at N587.42 million, while Access bank exchanged 22.13 million shares worth N218.03 million. (NAN)