Fidelity bank banner UBA banner
NSE market capitalisation drops to N8 trillion mark

By News Express on 13/01/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 5,438


Transactions on the Nigerian Stock Exchange (NSE) maintained the negative trend on Tuesday with the market capitalisation dropping to N8 trillion mark amid massive profit taking by investors.

The market capitalisation shed N109 billion to close at N8.953 trillion against N9.062 trillion recorded on Monday.

Similarly, the All-Share Index lost 315.25 points or 1.19 per cent to close lower at 26,034.93 compared with 26,350.18 achieved on Monday following price loses.

An analysis of the price movement table indicated that Nigerian Breweries led the losers’ pack with a loss of N4.22 to close at N102.02 per share.

PZ Industries trailed with a loss of N1.08 to close at N21.13, while Ashaka Cement dropped 96k to close at N24.24 per share.

Cadbury declined by 81k to close at N15.49, while GTBank dipped by 65k to close at N17.25 per share.

Conversely, Portland Paints and Products led the gainers’ table, increasing by 19k to close at N4.13 per share.

Champion Breweries gained 16k to close at N3.38, while Eterna Oil increased by 8k to close at N1.05 per share.

May & Baker grew by 5k to close at N1.05, while Trans Express went up by 4k to close at N1.15 per share.

The volume of shares traded increased by 74.96 per cent as a total of 223.39 million shares worth N2.51 billion were traded in 2,776 deals on Tuesday.

This was against the 127.68 million shares valued at N1.37 billion traded in 2,474 deals on Monday.

Further analysis showed that GT Bank recorded the highest volume, exchanging 91.62 million shares worth N1.65 billion in 299 deals.

FBN Holdings followed with 20.97 million shares valued at N88.43 million achieved in 306 deals, while UBA Africa sold 17.94 million shares worth N53.32 million in 191 deals.

Diamond Bank exchanged 12.76 million shares valued at N25.63 million in 40 deals, while AIICO Insurance sold 10.03 million shares worth N9.09 million in 18 deals. (NAN)

•Photo shows trading floor of the Stock Exchange.

 

Source News Express

Posted 13/01/2016 05:41:37 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Call for Dokubo, Tompolo’s arrest, unnecessary, but…, says...

40 houses burnt, 10 injured as Anambra communities...

CHILD MARRIAGE OUR RIGHT AS MUSLIMS, Dokubo tells...

Rivers grants amnesty to cultists

5,000 benefit from Shell’s health outreach in Bayelsa...

Over 5,000 APC decampees empty into PDP in...

Osun CP pleads for public support to aid...

Arase orders dislodging of revenue road blocks on...

PDP remains the party to beat —Umahi

2 ministers locked out during inauguration of APC...

Crisis hits Kaduna PDP; 5 governorship aspirants battle...

Vision 2020: Kaduna assures of 800mw, signs MOU...

 

Latest News BREAKING NEWS: IPOB Leader Nnamdi Kanu resurfaces How we plan to win 2019 election — Buhari, Atiku NIA places Nigerian agencies on red alert over ‘Chinese drugs containing human flesh’ Trump critic calls for military coup in U.S. Buhari’s in-law, Amosun, Abe lose out as APC submits candidates’ names 2019: Bayelsa group accuses royal father, others of working against PDP •Chides Ex-President Jonathan Ekiti Muslims angry with Governor Fayemi 2019: Parties rush to beat INEC deadline for submission of candidates list Lagos Assembly orders immediate return of PSP, disowns Visionscape NNPC washes hands off Abia pipeline explosion Mentally deranged woman caught with N200,000 PDP demands immediate reconstitution of Osun Governorship Election Tribunal

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,545 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,836 views) Shameless Genevieve Nnaji exposes breasts in public (315,179 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,840 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,759 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,547 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,342 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,804 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,517 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,032 views) Lagos plane crash: Journalist releases victims’ names (161,677 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,436 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,693) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (660) Global Business Monitor (304) International (2,545) Interview (165) Live Commentary (28) Love Matters (145) News (39,737) Opinion (1,124) Pidgin (13) Politics (7,292) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement