News Column

Nigerian Stock Market Capitalisation Slides Further By 0.96 Per Cent

January 29, 2014

The Nigerian Stock Exchange , NSE, market capitalisation on Wednesday dropped by about N127 billion, or 0.96 per cent, to close at N13.076 trillion. This was against the N13.203 trillion recorded at the close of business on Tuesday. A total of 258.689 million shares worth N2.92 billion were traded in 5,109 deals against the 408.135 million shares valued at N4.97 billion realised in 6,349 deals on Tuesday. Also, the All-Share Index, ASI, which opened at 41,189.66, depreciated further by 397.59, or 0.96 per cent to close at 40,792.07. Nestle Nigeria PLC led the losers' chart, shedding N25 to close at N1, 140 per share, followed by Lafarge Wapco, which dropped N5.99 to close at N114, while CAP lost N2.34 to close at N46.66 per share. Oando Oil declined by N2.26 to close at N21.02, while Okomu Oil dipped by N2.09 to close at N40.60 per share. On the flipside, Forte Oil topped the gainers' chart, appreciating by N1.69 to close at N91.80 per share, with GTBank following closely with a gain of 30k to close at N27.90 per share. Ashaka Cement rose by 24k to close at N18.29, while Transcorp and Livestock chalked up 20k each to close at N2.28 and N4.23 per share, respectively. Costain West Africa emerged the most traded stock in the market, accounting for 24.75 million shares worth N53.28 million. It was trailed by Transcorp as investors staked N77.86 million on 21.71 million shares, while Access Bank sold 21.49 million shares valued at N194.86 million. Eko Transnational International , ETI accounted for 18.26 million shares worth N296.97 million, while Diamond Bank traded 14.25 million shares valued at N94.86 million. (NAN)

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Source: AllAfrica

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