Fidelity bank banner Bayelsa State 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: 5,347


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...
Gowon lied about cause of civil war —...

BREAKING: Soldiers rescue abducted Yobe schoolgirls inside bush...

Fayose hails judgement releasing El-Zakzaky from detention, charges...

Nigerian youths form political party

I’m too old to be governor: El-Rufai

No freedom for Nnamdi Kanu, no peace —IPOB...

Ethnic, religious cleansing ‘imminent in Nigeria Police Force’...

Judge seeks assistance of ex-militants to end Niger...

EFCC uncovers N4 billion loot hidden in bank...

Nigeria’s active telecoms users now 142 million —NCC...

National Assembly postpones resumption by one week

Scientists disclose key to blocking spread of breast...

 

Latest News BREAKING: Again, National Assembly postpones resumption •Extends break till October Osun governorship election null and void — Lawyer APC BOT member storms Atiku’s rally, bags query Osun Guber: PDP rejects INEC’s ‘inconclusive’ declaration INEC fixes date for run-off election in Osun Ekiti PDP aspirants vandalise secretariat, reject alleged imposition by Fayose Konga to invest N2.9bn in Kxpress to resolve e-commerce delivery issues in Nigeria Imo 2019: It’s Madumere or never for APC, says Nze Onuoha Obiano, Obi ‘two of the greatest leaders in Nigeria’ Osinbajo, Ambode lead eminent Nigerians to Lolu Akinwunmi’s book launch Three armed robbers shot dead in Ogun Youth development: Nigeria, country of focus, says U.S.

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,665 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,824 views) Shameless Genevieve Nnaji exposes breasts in public (308,601 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,683 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,389 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,682 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,156 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,714 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,789 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,402 views) Lagos plane crash: Journalist releases victims’ names (158,201 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,935 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,625) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,427) Interview (165) Live Commentary (28) Love Matters (144) News (39,089) Opinion (1,110) Pidgin (11) Politics (6,720) Religion (872) Sports (1,703) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Anthony Joshua vs Alexander Povetkin: Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement