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NSE capitalisation dips by N92bn in one day

By on October 7, 2016

THe market capitalisation of the Nigerian Stock Exchange dropped by N92bn at the close of trading on the floor of the Exchange on Wednesday to N9.620tn from N9.712tn.

The NSE All-Share Index also fell to 28,009.40 basis points from 28,277.93 basis points.

PZ Cussons Nigeria Plc, Caverton Offshore Support Group Plc, Flour Mills Nigeria Plc, Nigerian Aviation Handling Company Plc and Dangote Flour Plc emerged as the top five market losers.

A total of 187.156 million shares valued at N1.472bn were traded in 3,132 deals, with the highest index point attained in the course of trading hitting 28,335.40 basis points, while the lowest and average index points stood at 28,009.40 and 28,221.30 basis points, respectively.

There were 22 decliners and 20 gainers, according to the NSE data.

The shares of PZ Cussons depreciated by N2.01 (9.71 per cent) to close at N18.69 from N20.70, while the Caverton’s share price closed at N0.64 from N0.70, losing N0.06 (8.57 per cent).

Floor Mills shares closed at N20.05 from N21`.10, shedding N1.05 (4.98 per cent), while NAHCO share price lost N0.17 (4.91 per cent) to close at N3.29 from N3.46.

The share price of Dangote Flour also plummeted by N0.19 (4.67 per cent) to close at N3.88 from N4.07.

Other losers were Wema Bank Plc, Forte Oil Plc, Livestock Feeds Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, Unilever Nigeria Plc, Transnational Corporation of Nigeria Plc, Dangote Cement Plc, May & Baker Nigeria Plc and Access Bank Plc.

Ecobank Transnational Incorporated Plc, Honeywell Flour Mill Plc, Nascon Allied Industries Plc, FBN Holdings Plc, Conoil Plc, Glaxo Smithkline Consumer Nigeria Plc and Nigerian Breweries Plc also recorded losses in their share prices.

Topping the gainers’ table were FCMB Group Plc, Okomu Oil Palm Plc, Diamond Bank Plc, Transcorp Hotels Plc and 7UP Bottling Company Plc.

The share price of FCMB appreciated by N0.07 (6.31 per cent) to close at N1.18 from N1.11, while Okomu Oil shares closed at N39.90 from N38, gaining N1.90 (five per cent).