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NSE index continues slide

By on July 30, 2015

The Nigerian Stock Exchange All-Share Index declined further on Tuesday, shedding 192.76 basis points or 0.63 per cent to close at 30.614.81 basis points as stocks continued to fall.

The ASI had dipped by 0.91 per cent on Monday to close at 30,807.54 basis points. Tuesday’s decline dragged its year-to-date return to -11.66 per cent.

In the same vein, the market capitalisation of the listed equities declined by 0.63 per cent or N66bn to close at N10.493tn, down from N10.559tn.

All the sector indices declined on Tuesday, led by the NSE Banking Index, which fell by 1.73 per cent to 327.95 basis points.

In all, 536.827 million shares worth N4.912bn were traded in 3,458 deals with 13 stocks appreciating and 29 others declining.

Trans-nationwide Express Plc rose by 8.70 per cent or eight kobo to close at N1 per share and top the gainers’ table; followed by MCNichols Plc, which gained 4.76 per cent or six kobo to close at N1.32 per share.

Africa Prudential Plc rose by 2.59 per cent or seven kobo to close at N2.77 per share, while UBA Capital Plc appreciated by 2.24 per cent or three kobo to close at N1.37 per share.

The losers were led by NEM Insurance Plc, which dipped by 4.76 per cent or three kobo to close at 60 kobo per share.

 

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