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Major blue chips drop prices on NSE

By on September 13, 2014

Some blue chips on the Nigerian Stock Exchange (NSE) recorded price depreciation on Friday as a result of profit taking by investors.

The News Agency of Nigeria (NAN) reports that Dangote Cement topped the price losers’ chart with a loss of N2.90 to close at N215.10 per share.

It was follow by PZ Cussons which lost N1.08 to close at N33.92, while UACN depreciated by N1.05 to close at N58 per share.

Flour Mill lost 76k to close at N64, while Ashaka Cement dipped by 69k to close at N32.31 per share.

The All-Share Index lost 84.26 points or 0.20 per cent to close at 40,672.94 against 40,757.20 recorded on Thursday.

The market capitalisation also dipped by N27 billion or 0.20 per cent to close at N13.430 trillion compared with N13.457 trillion achieved on Thursday.

On the other hand, Forte Oil led the price gainers’ table with a gain of N10.60 to close at N235.60 per share.

Guinness followed with a gain of N3.95 to close at N171.99, while Presco grew by N1 to close at N37 per share.

ETI gained 92k to close at N19.32, while Zenith Bank appreciated by 60k to close at N24.60 per share.

In all, investors staked N2.79 billion on 263.855 million shares in 4,780 deals against 267.099 million shares worth N3.06 billion traded in 4.756 deals on Thursday.

UBCAP emerged the most active equity with 58.84 million shares worth N121.01 million in 86 deals.

Access Bank came second with 29.99 million shares valued at N283.39 million in 216 deals, while Transcorp sold 29.35 million shares worth N177.46 million in 444 deals. (NAN)