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Capital market indices dip by 0.30% on NSE

13 March 2014, 13:55

Lagos - Transactions on the Nigerian Stock Exchange (NSE) on Wednesday closed on a downward trend as some highly capitalised stocks posted losses.

As a result of the losses, the capital market indices declined by 0.30 percent.

The market capitalisation lost N38 billion or 0.30 percent to close lower at N12.572 trillion, from the N12.613 trillion recorded on Tuesday.

The NSE All-Share Index lost 119.1 points or 0.30 percent to close at 39 150.30, when compared with 39 269.40 achieved on Tuesday.

Guinness led the losers' chart by N6.85 to close at N173.15 per share.

It was followed by Flour Mill with a loss of N2 to close at N76 per share.

Dangote Cement lost N1.02 to close at N238.98, while Stanbic IBTC and Mobil declined by N1 each to close at N20.25 and N122 per share respectively.

7UP recorded the highest gain of N4.13 to close at N86.77 per share.

ConOil trailed with a gain of N1.90 to close at N51.90, while Lafarge Wapco appreciated by N1.50 to close at N112.50 per share.

Zenith Bank gained 58k to close at N22.57, while UBN grew by 50k to close at N10.68 per share.

Access Bank was the toast of investors, accounting for 47.19 million shares valued at N361.26 million.

Transcorp came second on the activity chart with 27.69 million shares worth N113.58 million, while GTBank sold 25.970 million shares valued at N649.75 million.

Wapic accounted for 25.38 million shares worth N21.67 million, while FBN Holdings recorded a turnover of 21.30 million shares valued at N266.06 million.

In all, investors staked N3.12 billion on 281.637 million shares in 4 506 deals.

This was against the 347.699 million shares worth N3.70 billion traded in 4 782 deals on Tuesday.

-    NAN

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