Fidelity bank card banner Emerald Energy Institute Camano banner

Nigeria’s equity market records further drop

By News Express on 29/06/2016

Gmail icon

Views: 1,846

The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 0.89 per cent due to persistent sell pressure embarked by some investors.

The All-Share Index lost 264.99 points or 0.89 per cent to close at 29,575.24 against 29,840.23 recorded on Monday.

Also, the market capitalisation which opened at N10.248 trillion shed N91 billion or 0.89 per cent to close at N10.157 trillion.

NAN reports that the downturn was strongly boosted by price depreciation recorded in a good number of large capitalised stocks, Total, Guinness, GT Bank, Nigerian Breweries and Flour Mills.

Total topped the laggards’ chart, dropping by N10 to close at N190 per share.

Nestle trailed with a loss of N5.01 to close at N849.99, while Nigeria Breweries lost by N4 to close at N140 per share.

Guinness declined by N3.50 to close at N106.40 and Guaranty Trust Bank dropped by 68k to close at N22.32 per share.

On the other hand, Seplat led the gainers’ table growing by N8.40 to close at N340 per share.

Julius Berger followed with a gain of N2.31 to close at N48.51, while Forte Oil gained N1 to close at N191 per share.

Okomu Oil appreciated by 99k to close at N32 and Union Dicon garnered 75k to close at N15.75 per share.

NAN also reports that a total of 255.25 million shares valued at N3.30 billion were exchanged by investors in 4,812 deals.

This was in contrast with 375.21 million shares worth N4.03 billion traded by investors in 4,229 deals on Monday.

Transcorp drove the volume of shares traded, accounting for 43.77 million shares worth N79.43 million.

GT Bank followed with 42.78 million shares valued at N961.10 million, while FBN Holdings traded 25.69 million shares worth N100.62 million.

Zenith Bank came fourth with a turnover of 25.24 million shares valued at N396.22 million and United Bank for Africa traded 22.95 million shares worth N108.35 million. (Guardian/NAN)

•Photo shows NSE Trading Floor.

Source News Express

Posted 29/06/2016 04:30:54 AM





You may also like...
Lassa fever: UNICEF takes campaign to 5 Anambra...

Nigeria’s TOP 10 Songs

US hotline moves to rescue Diaspora Nigerian women...

Nigeria, Angola move to boost global oil price...

Tension in Anambra community over sale of communal...

Father, son in police net for raping, impregnating...

Buhari, Canadian Prime PM rescue Queen of England...

Confab: North insists on onshore-offshore dichotomy, scrapping of...

Secret recordings prove missing journalist killed inside Saudi...

US grants ZTE temporary reprieve

Name 15 ex-governors, others that stole N1.34 trillion,...

Senate summons Kachikwu over $15bn investment deal with...


Latest News Nigerian-born international star behind The Fugees’ smash hit ‘Killing me softly’ bags 90 years imprisonment for rape, incest Missing Naval Commander found dead inside well Premier League: Liverpool maintain perfect start, 10-man Arsenal come from 2-1 down to win, Man Utd lose again Hope Uzodima arrested in India CAN raises alarm over influx of strange faces into South East Be careful of those around you, UK-based pastor warns Osinbajo Police arrest 65-year-old man in connection with 1985 plane hijacking Boko Haram terrorists seeking refuge in homes of some unscrupulous individuals – Army Nigeria may explode if we don't tackle unemployment now - Ngige Two killed, six others injured in Adamawa attack Anambra community warns trouble makers, says culprits risk life ban 3-militant leaders urge Buhari to replace amnesty boss


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (542,820 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,980 views) Shameless Genevieve Nnaji exposes breasts in public (390,483 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,297 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,488 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (254,094 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,436 views) 10 cars more expensive than Jets (239,539 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (232,100 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (218,118 views) Lagos plane crash: Journalist releases victims’ names (196,355 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,921 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,455) Business Verdict (81) Columnists (1,113) Complaints & Requests (96) Enterprise & Opportunities (216) Entertainment (667) Features (815) Global Business Monitor (446) ICT Monitor (63) International (3,974) Interview (204) Live Commentary (30) Love Matters (171) Maggie's Blog (418) News (51,632) Opinion (1,365) Pidgin (17) Politics (11,472) Religion (1,104) Sports (2,174) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera