GTB 737 banner Yudala banner

NSE market capitalisation drops to N8 trillion mark

By News Express on 13/01/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 4,138


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


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Weatherman predicts sunshine and haze today in the...

Niger Delta youths seek amnesty for local refinery...

NIMASA working closely with other government agencies on...

Report criminals, live in peace with your neighbours,...

Obi, Obiano’s aides at war •N50bn contract award...

FG spits fire as slain Abuja female evangelist...

That Whistle-blower’s Bill of 1999

Arsenal coach jailed over murder

UTME: JAMB warns against return to Paper Pencil...

Police launches manhunt for kidnapped Lagos students

BREAKING NEWS: DSS nabs Police Officer supplying arms...

NiMet forecasts another cloudy day, with prospects of...

 

Latest News FG assures on 2nd Niger Bridge, Enugu/Onitsha expressway Man who jumped into Lagos Lagoon identified Kebbi Accountant-General bags 70 years jail term over N1.6bn fraud US, UK biggest recipients of looted funds from Nigeria Lagos to gets special court for commercial disputes •New CJ vows to stamp out corruption, uphold rule of law Magu decries celebration of corruption N9.7bn NAF Fraud: Finance Director indicts ex-Chief of Air Staff Osun commissions university road •How Alakija's N250m donation rescued project Hackers hit 30 million internet users in South Africa’s ‘worst data breach’ Expect a sunny but hazy Saturday spiced with thunderstorms: NiMet 22 secondary school students land in court for attacking teachers, fellow students Lagos vows to become Africa’s third largest economy by 2020

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (287,564 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (270,176 views) Shameless Genevieve Nnaji exposes breasts in public (218,246 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,646 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,425 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,048 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,502 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,691 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,585 views) Lagos plane crash: Journalist releases victims’ names (114,118 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,123 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,481 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,728) Business Verdict (24) Columnists (757) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (395) Features (497) Global Business Monitor (187) International (1,581) Interviews (134) Live Commentary (28) Love Matters (79) News (29,495) Opinion (826) Pidgin (8) Politics (3,988) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!