NSE Indicators Record Marginal Depreciation Amidst Profit Taking

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Market indicators of Nigeria Stock Exchange (NSE) dropped marginally on Thursday to break the three consecutive days upward trend.

The News Agency of Nigeria (NAN) reports that that the All-Share Index lost 10.05 points or 0.03 per cent to close at 36,877.15 from the 36,877.20 posted on Wednesday due to profit taking.

Also, the market capitalisation which opened at N12.766 trillion, shed three billion or 0.02 per cent to close at N12.763 trillion.

NAN reports that Nigerian Breweries topped the price losers’ table with a loss of
N4.77 to close at N145.23 per share.

International Breweries trailed with a loss of N1.01 to close at N48.99, while Unilever dropped N1 to close at N40 per share.

PZ industries shed 91k to close at N22.70, while Dangote Cement went down by 50k to close at N227 per share.

On the other hand, Flour Mills led the price gainers’ table by N1.58 to close at N33.69 per share.

FBN Holdings followed with a rise of 60k to close at N7.11, while NASCON rose by 45k to close at N16 per share.

United Bank for Africa appreciated by 39k to close at N10, while Dangote Sugar Refinery advanced by 28k to close at N15.50 per share.

However, the volume of shares traded closed higher as investors exchanged 318.15 million shares worth N3.95 billion in 5472 deals.

This was against the 249.35 million shares valued at N5.20 billion exchanged in 4,119 deals on Wednesday.

FBN Holdings was the most active stock for the day, exchanging 73.41 million shares worth N513.22 million.

Union Dicon followed with 58.01 million shares valued at N29 million, while United Bank for Africa exchanged 32.03 million shares worth N316.69 million.

Fidelity Bank sold 19.75 million shares valued at N30.96 million, while Zenith Bank traded 17.17 million shares worth N441.21 million. (NAN)