Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Blue chips drop price on NSE

06 March 2014, 11:17

Lagos - Some major blue chips on the Nigerian Stock Exchange (NSE) on Wednesday recorded price depreciation as a result of profit taking by investors.

Nestle topped the price losers' chart, dropping N15 to close at N1 060 per share.

Total lost N7 to close at N166, while Dangote Cement depreciated by N2 to close at N238 per share.

NCR lost 84k to close at N15.99, while CAP dipped by 75k to close at N45.25 per share.

The All-Share Index lost 72 points or 0.18 percent to close at 38 127.41 against 39 199.41 recorded on Tuesday.

The market capitalisation dipped by N23 billion or 0.18 percent to close at N12.459 trillion compared with N12.568 trillion achieved on Tuesday.

On the other hand, Mobil led the gainers' table with N5.84 to close at N125.98 per share.

Nigerian Breweries followed with a gain of N3.88 to close at N148.89, while Flour Mill grew by N3.30 to close at N81.30 per share.

Guinness also gained N1 to close at N180, while UAC Property appreciated by 98k to close at N21.95 per share.

In all, investors staked N4.48 billion on 884.273 million shares in 4 956 deals.

This was against 341.165 million shares worth N4.84 billion traded in 4 993 deals on Tuesday.

Wema Bank emerged as the most traded equity with 409.24 million shares worth N410.22 million.

Transcorp came second with 86.65 million shares valued at N341.58 million, while NEM sold 61.75 million shares worth N50.57 million.
-    NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...