Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Advertisements

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share.

 At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with a loss of 80k to close at N29.20 while NASCON and Access Bank dropped by  65k to close at N13.20 per share and  21k to close at N9.50 respectively.

  On the other hand, GlaxosmithKline led the gainers’ table, appreciating by N1.10 to close at N23.15 per share while Presco followed with a gain of 50k to close at N68, leaving Nigerian Breweries at 48k to close at N162.50 per share.

 Meanwhile, a breakdown of the activity chart showed that Guaranty Trust Bank was the most active stock for the day, trading 37.06 million shares worth N1.55 billion.

Sterling Bank followed with an exchange of 26.89 million shares valued at N28.89 million and Access Bank traded 20.54 million shares worth N198.46 million.

Advertisements

Fidelity Bank exchanged 19.74 million shares worth N29.22 million, while Zenith International Bank sold 13.61 million shares valued at N358.96 million.

In all, the volume of shares traded dropped marginally by 6.25 per cent with a total of 198.63 million shares worth N2.94 billion transacted by investors in 3,542 deals.

 In a relatd development, activities on the Nigerian Stock Exchange (NSE) closed on a negative trend for the second consecutive day with the market indicators appreciating marginally by 0.08 per cent.

Also,  the All-Share Index dropped by 28.09 points or 0.08 per cent to close at 36,641.52 compared to 36,669.61on Tuesday while  market capitalisation which opened at N12.622 trillion lost N10 billion or 0.08 per cent to close at N12.612 trillion.
Advertisements