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NSE All-Share Index sheds 0.64% on profit-taking

08 July 2014, 11:43

Lagos - Trading at the Nigerian stock market resumed on a negative note on Monday as profit-taking and losses by some highly capitalised stocks depressed the Nigerian Stock Exchange (NSE).

All-Share Index by 0.64 percent to close at 42 758.02.

Consequently, the ASI declined by 0.64 percent, while market capitalisation shed N90 billion to close at N14.119 trillion.

Seplat Petroleum Development Company Plc led the price losers’ chart in absolute terms with N18 to close at N702 per share.

UAC of Nigeria Plc shed N3.63 to close at N62.37, while Forte Oil Plc declined by N2.08 to close at N198 per share.

In all, 30 stocks appreciated compared to 23 that appreciated in value.

Despite the high price losers, volume and value of trading rose by 62 and 39 percent respectively as investors exchanged 460.229 million shares valued N4.509 billion in 5 215 deals.

-      NAN

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