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Major blue chips drop price on NSE

04 December 2013, 18:00

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

The News Agency of Nigeria (NAN) reports that Nestle topped the price losers' chart, dropping N49.50 to close at N1 200 per share.

Unilever lost N2.39 to close at N59.01, while Nigerian Breweries depreciated by N1.50 to close at N168 per share.

UAC Property lost 50k to close at N17.50, while Dangote Sugar dipped by 36k to close at N11 per share.

The All-Share Index lost 89.65 basis points or 0.23 per cent to close at 38 955.42 against 39 045.07 recorded on Monday.

The market capitalisation dipped by N40 billion or 0.23 per cent to close at N12.459 trillion compared with N12.488 trillion achieved on Monday.

On the other hand, Guinness led the gainers' table with N2 to close at N262 per share.

Oando followed with a gain of 69k to close at N15.21, while Ashaka Cement grew by 51k to close at N20.61 per share.

Lafarge Wapco also gained 50k to close at N100.50, while Livestock appreciated by 39k to close at N4.29 per share.

In all, investors staked N4.23 billion on 308.96 million shares in 5 493 deals, representing a growth of 6.87 per cent.

This was against 289.09 million shares worth N1.72 billion traded in 4 495 deals on Monday.

The financial services sector remained the most active with Zenith Bank emerging the most traded equity with 62.16 million shares worth N1.32 billion.

Unity Bank came second with 27.33 million shares valued at N15.55 million, while Transcorp sold 26.28 million shares worth N107.71 million.

UBA accounted for 21.91 million shares valued at N165.91 million, while FBN Holdings traded 5.33 million shares valued at N254 million.

-   NAN


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