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Capital market indices drop on NSE

22 January 2013, 12:21

Lagos  - Transactions on the Nigerian Stock Exchange (NSE) on Monday ended on a negative note as some major blue chips recorded price losses

The News Agency of Nigeria (NAN) recalls that the downward trend occurred after seven days of an upward trend.

The All-Share Index, which opened at 30,927.17 depreciated by 84.63 basis points or 0.27 per cent to close at 30,842.54 points.

Besides, the market capitalisation dropped by N27 billion to close at N9.865 trillion as against the N9.892 trillion recorded on Jan. 18.

Nigerian Breweries recorded the highest loss of N5.50 to close at N153 per share.

Guinness followed with N4 loss to close at N287 per share while UAC-Property dipped by N1.60 to close at N14.40 per share.

NewGold also lost N1 to close at N2,581 per unit while Betaglass dropped 50k to close at N10 per share.

On the other hand, Federal Government Bond (FG7B2015S2) led the gainers’ table with N7.80 to close at N90 per share.

Lafarge Wapco trailed with N4 to close at N65 per share, while Presco gained N2.15 to close at N24.65.

International Breweries gained N1.75 to close at N19.75 per share, while Oando appreciated by N1 to close at N15.90 per share.

In all, investors exchanged N708.82 million shares worth N3.7 billion traded in 6,097 deals.

This is against the 534.64 million shares valued at N4.1 billion traded in 6,446 deals on Jan. 18.


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