Market capitalisation declines by N3b

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Profit taking on Thursday curtailed the three-day growth recorded on the floor of Nigerian Stock Exchange (NSE).

Specifically, market capitalisation, which opened at N12.766 trillion, dropped three billion or 0.02 per cent to close at N12.763trillion.

Also, 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.

Further analysis indicates that Nigerian Breweries topped the price losers’ table with a loss of N4.77 to close at N145.23 per share, followed by International Breweries with a loss of N1.01 to close at N48.99, while Unilever dropped N1 to close at N40 per share.

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

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On the other hand, Flour Mills led the price gainers’ table by N1.58 to close at N33.69 per share while FBN Holdings followed with a rise of 60k to close at N7.11, while NASCON rose by 45k to close at N16 per share.

In a related development, United Bank for Africa appreciated by 39k to close at N10, while Dangote Sugar Refinery improved by 28k to close at N15.50 per share.