Lagos - Activities on the Nigerian Stock Exchange (NSE) on Thursday closed
on a downward trend with the volume of shares traded dropping by 30.16 per
The News Agency of Nigeria (NAN) reports that investors staked N2.58 billion
on 252.65 million shares in 4 717 deals.
This was against a turnover of 361.78 million shares worth N4.76 billion
exchanged by investors in 4 761 deals on Wednesday.
Wapic Insurance was the toast of investors, accounting for 55.65 million
shares valued at N55.09 million.
ETI came second on the activity chart with 41.97 million shares worth
N633.77 million, while Zenith Bank sold 13.69 million shares valued at N290.41
Oando accounted for 12.99 million shares worth N183.20 million, while. FBN
Holdings recorded a turnover of 10.23 million shares valued at N164.42 million.
The market indices declined by 0.21 per cent as a result of losses posted by
some highly capitalised stocks.
NAN reports that the market capitalisation lost N26 billion or 0.21 per
cent to close lower at N12.451 trillion against the N12.477 trillion recorded
The NSE All-Share Index lost 82.66 basis points or 0.21 per cent to close at
38 929.65 compared with 39 011.31 achieved on Wednesday.
Market analysts attributed the lull in the market to the ongoing retreat of
Capital Market Committee in Abuja being attended by many market operators.
Forte Oil led the losers' chart, dropping N5.72 to close at N108.73 per
It was followed by UACN with a loss of N2 to close at N64, while
GlaxosmithKline lost N1 to close at N65 per share.
UPDC REITs declined by 50k to close at N10, while Transcorp went down
by 41k to close at N3.93 per share.
NAN reports that Cadbury recorded the highest gain for the day, appreciating
by N3 to close at N62.85 per share.
PZ Cussons trailed with a gain of N1.40 to close at N37.50, while Nigerian
Breweries appreciated by 50k to close at N168 per share.
Jos Breweries gained 35k to close at N3.92, while Dangote Sugar grew by 31k
to close at N11.30 per share.-