Some major blue chips on the Nigerian Stock Exchange (NSE) on Tuesday recorded further price depreciation as a result of profit-taking by investors.
The News Agency of Nigeria (NAN) reports that Nestle topped the price losers’ chart by N4.92 to close at N798.10 per share.
Forte Oil lost N3.08 to close at N217.90, while Stanbic IBTC depreciated by N1.53 to close at N29.21 per share.
Guinness went down by N1.01 to close at N150, while Lafarge Wapco dipped by N1 to close at N78 per share.
As result, the All-Share Index lost 363.52 points or 1.07 per cent to close at 33,550.73 as against 33,914.25 recorded on Monday.
The market capitalisation dipped by N120 billion or 1.07 per cent to close at N11.076 trillion when compared with N11.196 trillion achieved on Monday.
On the other hand, Seplat led in the gainers’ table with N3 to close at N398 per share.
Oando followed with a gain of N1.19 to close at N19.99, while PZ Cussons grew by 95k to close at N29 per share.
Custodyins also gained 35k to close at N4.35, while UBA appreciated by 19k to close at N5 per share.
In all, investors staked N4.58 billion on 218.664 million shares in 4,676 deals in contrast to the 213.606 million shares worth N4.44 billion traded in 4,398 deals on Monday.
The financial services sector remained the investors’ delight as FBN Holdings emerged the most active equity with 58.83 million shares worth N547.48 million in 706 deals.
GTBank came second with 22.78 million shares valued at N569.26 million in 311 deals while UBA sold 19.62 million shares worth N97.32 million in 231 deals.(NAN)
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