NSE market capitalisation dips by N39bn

Transactions on the Nigerian Stock Exchange (NSE) on Wednesday closed on a downward note as major stocks recorded huge losses.

The News Agency of Nigerian (NAN) reports that market capitalisation at the end of the day’s trading dipped by N39 billion or 0.28 per cent from N14.09 trillion recorded on Tuesday to N14.05 trillion.

The All-Share Index which opened at 42,664.95 points, dropped by 120.62 points to close at 42,544.33 points.

Total Oil lost N9.77 to lead the losers’ chart and closed its shares’ value at N185.73 per share.

Mobil’s stock depreciated by N8.94 to close at N169.9, while Skyeshelt and Nestle dipped by N5 each to close at N95 and N1,120 per share, respectively.

Lafarge Wapco fell by N2.73 to close at N117.27 per share.

On the gainers’ chart, CAP’s shares were boosted by 9k to close at N41 per share.

CCNN gained 63k to close at N13.27, while Guinness grew by 5k to close at N198 per share and UACN appreciated by 4k to close at N62.4 per share.

Transcorp was the most traded stock at the day’s trading, accounting for 72.47 million shares worth N390.71 million.

Oando Oil exchanged 28.84 million shares valued at N741.79 million, while Access Bank sold 27.76 million shares worth N276.44 million.

In all, 273.484 million shares worth N3.076 billion were traded in 4,766 deals during the transactions.

The Wednesday trading record showed 36.42 per cent drop from Tuesday’s record of 430.136 million shares valued at N4.02 billion traded in 6,323 deals.