Capital Market Indices Decline By 0.12%

Transactions on the Nigerian Stock Exchange (NSE) closed lower last Tuesday with the market indices dropping marginally by 0.12 per cent.

Our correspondent reports that market capitalisation depreciated by N16 billion or 0.12 per cent to close at N12.755 trillion as against N12.771 trillion achieved on Monday.

The decline was as a result of price losses recorded by some blue chips.

The All-Share Index lost 48.54 basis points or 0.12 per cent to close at 39,858.25 compared with 39,906.79 posted on Monday.

Analysis of the price movement indicated that Nigerian Breweries led the laggards’ pack with a loss of N3.15 to close at N161.85 per share.

Dangote Cement followed with N1.77 to close at N211.03, while International Breweries lost N1.29 to close at N27.71 per share.

Lafarge Wapco dipped by N1.15 to close at N111.15, while Champion depreciated by 88k to close at N16.91 per share.

Conversely, Glaxosmith led the gainers’ table, appreciating by N2.88 to close at N68.50 per share.

Oando trailed with a gain of N1.36 to close at N19, while UACN rose by N1 to close at N67 per share.

Presco gained 60k to close at N38, while Ashakacem grew by 55k to close at N20.17 per share.

The volume of shares traded declined by 53.14 per cent with 610.607 million shares worth N2.353 billion as against the 289.980 billion shares valued at N2.138 billion recorded on Monday.

MTI was the toast of investors, accounting for 267.611 million shares worth N133.81 million.

Unity Bank came second on the activity chart with 118.83million shares valued at N59.48 million, while Transcorp sold 38.47 million shares worth N170.53 million.

Investors staked N170.53 million on 38.47 million shares of FCMB, while UBA traded 19.31 million shares valued at N154.22 million.