NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
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: 4,896


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

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Edo election latest: OSHIOMHOLE CRUSHES PDP IN STRONGHOLDS...

VP, SGF yet to comply with presidential directive...

FG will fulfill every promise to youths, assures...

Umahi seeks FG’s intervention in Ebonyi-Cross River boundary...

G9 demands for urgent disarming of Fulani herdsmen...

FG orders 26 cargoes of fuel for Christmas...

BREAKING: UNILAG shut as students continue protest

Nigeria, Algeria, Ivory Coast, Ghana and Cameroon favoured...

Ministers, BBOG spot strange movement while searching for...

Gov. Fayemi’s help comes too late for late...

Explosion destroys missionary school in Umuahia

Abia Political Earthquake: How Governor Ikpeazu lost to...

 

Latest News BREAKING NEWS: Senate calls for Buhari’s impeachment APC shifts congresses, National Convention Big Brother Naija sponsor, Payporte, in N23m debt mess, begs court to dismiss winding up suit Democracy under threat: Southern, Middle Belt leaders IGP Ibrahim Idris disrespecting me and the Senate — Saraki Shell profits jump as oil prices soar Troops nab militias in Nasarawa, recover arms Abnormal herdsmen behind Benue killings — Presidency Umahi orders arrest of policeman over alleged killing of Okada rider INVESTIGATION: Former DG NEMA, Sidi Ali, maintained 20 bank accounts — Reps Revenue discrepancies: FAAC meeting fails to hold again 2019: Senator Abe joins Rivers guber race

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (340,156 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (335,254 views) Shameless Genevieve Nnaji exposes breasts in public (268,213 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,559 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,354 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,445 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (173,170 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,527 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,332 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,327 views) Lagos plane crash: Journalist releases victims’ names (137,123 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,789 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,077) Business Verdict (40) Columnists (839) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (485) Features (570) Global Business Monitor (267) International (1,929) Interview (149) Live Commentary (28) Love Matters (116) News (34,771) Opinion (917) Pidgin (10) Politics (4,823) Religion (724) Sports (1,487) Stock Watch (28) AMA & Al Jazeera Global Update

 

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement