Fidelity bank banner UBA banner
NSE market capitalisation loses N120b, amid sell pressure

By Chinyere Joel-Nwokeoma on 12/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 750

•Nigerian Stock Exchange trading floor
•Nigerian Stock Exchange trading floor

Trading opened on the Nigerian Stock Exchange (NSE) for the week on Monday on a negative note with the market capitalisation shedding N120 billion amid profit taking.

The News Agency of Nigeria (NAN) reports that market capitalisation, which opened at N13.672 trillion, lost N120 billion or 0.89 per cent to close at N13.913 trillion following price loses.

Similarly, the All-Share Index dipped 343.54 points or 0.89 per cent to close at 38,913.99 compared to 39,257.53 achieved on Friday.

An analysis of the price movement table showed that Dangote Cement recorded the highest loss to lead the losers’ table, shedding N4.10 to close at N240.90 per share.

Nigerian Breweries trailed with a loss of N2 to close at N143, while Unilever was down by N1.11 to close at N40.50 per share.

Stanbic IBTC lost N1 to close at N42, while Presco 89 kobo to close at N68.41 per share.

Conversely, Nestle led the gainers’ table, growing by N49.92 to close at N1,460 per share.

Mobil Oil followed with a gain of N15.14 to close at N174.96, while Total appreciated by N1.99 to close at N230 per share.

National Salt Company Nigeria gained 89 kobo to close at N18.74, while Dangote Sugar increased by 66 kobo to close at N20.69 per share.

NAN reports that FBN Holdings was the most active, trading 61.27 million shares worth N553.14 million.

Zenith International Bank followed with an account of 35.32 million shares valued at N928.74 million, while Diamond Bank exchanged 34.08 million shares worth N 47.58 million.

Transcorp accounted for 30.33 million shares worth N43.51 million and Access Bank traded 29.66 million shares valued at N344.52 million.

In all, the volume of shares closed lower as investors bought and sold 350.59 million shares worth N4.91 billion exchanged in 4,884 deals.

This was against the 530.08 million shares valued at N5.12 billion traded in 5,066 deals on Friday. (NAN)

Source News Express

Posted 12/12/2017 12:34:58 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
20 NYSC members get extension of service for...

The many lies of Governor Fashola, by Doyin...

Business writing for entrepreneurs (Part 3)

Educationists express worry over WAEC’s threat to withhold...

Oshiomhole accuses FG of 419 over N800m water...

National Park Service calls for upgrade of game,...

Lamorde charges cadets to imbibe EFCC values

Does President Buhari have an animal side?

Southeast activists contradict Army, Information Minister; release names,...

3 killed, 7 wounded in fresh US shooting...

The truth about our alleged attempt to kill...

Osun PDP Guber: Ogunbiyi moves to upturn Adeleke’s...

 

Latest News How we plan to win 2019 election — Buhari, Atiku NIA places Nigerian agencies on red alert over ‘Chinese drugs containing human flesh’ Trump critic calls for military coup in U.S. Buhari’s in-law, Amosun, Abe lose out as APC submits candidates’ names 2019: Bayelsa group accuses royal father, others of working against PDP •Chides Ex-President Jonathan Ekiti Muslims angry with Governor Fayemi 2019: Parties rush to beat INEC deadline for submission of candidates list Lagos Assembly orders immediate return of PSP, disowns Visionscape NNPC washes hands off Abia pipeline explosion Mentally deranged woman caught with N200,000 PDP demands immediate reconstitution of Osun Governorship Election Tribunal NEC recommends allocation of 15pct of budget to education

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,468 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,801 views) Shameless Genevieve Nnaji exposes breasts in public (315,155 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,701 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,728 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,535 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,319 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,785 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,469 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,022 views) Lagos plane crash: Journalist releases victims’ names (161,663 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,425 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,693) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (660) Global Business Monitor (304) International (2,545) Interview (165) Live Commentary (28) Love Matters (145) News (39,736) Opinion (1,124) Pidgin (13) Politics (7,292) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement