News Column

NSE Index Slips, As Dangcem Leads Losers

July 11, 2014

Bamidele Ogunwusi

The bullish momentum which had characterised trading on the floor of the Nigerian Stock Exchange (NSE) gave way to profit taking on Thursday when the two major indicators closed in the red.

Equities capitalisation closed lower at N14.199 trillion after it depreciated by N11.569 billion as against N14.211 trillion it recorded on Wednesday; while the All-Share Index went down 35.05 basis points or 0.08 percent to close at 43,004 points as against 43,039.42 points recorded on Wednesday.

However, investors traded a total of 310.014 million shares valued at N3.6144 billion in 5,568 transactions as against 209.760 million shares valued at N2.284 billion in 5,150 transactions recorded on Tuesday with the financial services sector accounting for a total of 224.511 million shares; valued at N1.471 billion in 2,614 deals as against 136.775 million shares; valued at N1.159 billion in 2,584 deals on Wednesday.

Building materials' Dangote Cement led 27 others on the decliners' table with 200 kobo to close at N245.00 per share; followed by Unilever Nigeria which shed 151 kobo to close at N51.50 per share; Lafarge Cement WAPCO depreciated by 106 kobo to close trading at N111.01 per share; Nigerian Breweries dropped 72 kobo to close at N174.50 per share; while petroleum marketer, Conoil, slipped by 17 kobo to close at N65.23 per share.

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Source: AllAfrica

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