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Market capitalisation dips by N33bn

By on June 11, 2015

The equities segment of the Nigerian Stock Exchange on Tuesday closed on a negative note for the second straight session this week, as investors’ optimism remained low.

The market capitalisation of the listed equities fell by N33bn or 0.29 per cent from N11.465tn to N11.432tn, while the NSE All-Share Index dipped by 98.16 basis points or 0.29 per cent from 33,590.33 basis points to 33,492.17 basis points.

A total of 226.198 million shares worth N2.743bn were exchanged by investors in 3,512 deals on Tuesday with 14 equities recording price appreciation, while 26 others recorded price depreciation.

The National Salt Company of Nigeria Plc led the gainers, rising by 10.09 per cent or 71 kobo to close at N7.75 per share.

It was followed by Okomu Oil Plc, which gained five per cent or N1.46 to close at N30.67 per share, while Wema Bank Plc and Berger Paints Plc rose by 3.96 per cent and 3.93 per cent to close at N1.05 and N11.36 per share, respectively.

On the other hand, AIICO Insurance Plc led the losers, shedding five per cent or five kobo to close at 95 kobo per share.

Neimeth International Pharmaceuticals Plc was down by 4.69 per cent or six kobo to close at N1.22 per share, while Vono Products Plc and Airline Services and Logistics Plc declined by 4.57 per cent and 4.29 per cent to close at N1.67 and N2.23 per share in that order.

Also down were RT Briscoe Plc and Mobil Nigeria Plc with a share price depreciation of 4.11 per cent and 4.03 per cent, which saw them close at 70 kobo and N150 per share, respectively.

Stocks listed on the NSE had witnessed a weak bargain on Monday with the NSE All-Share Index declining by 0.22 per cent or 74.58 per cent to close at 33,590.33 basis points after 26 stocks recorded price depreciation.

The market capitalisation of the listed equities also closed lower, shedding N26bn or 0.22 per cent to N11.465tn from N11.491tn.

Four of the eight other market indices depreciated on Monday, while the NSE Alternative Securities Market Index remained unchanged at 1,215.52 basis points.

 

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