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NSE capitalisation closes lower at N11.972trn

19 March 2014, 11:39

Lagos - The market capitalisation of the Nigerian Stock Exchange (NSE) dropped by N198 billion on Tuesday due to price losses by some blue chips.

The market capitalisation closed lower at N11.972 trillion against the N12.170 trillion achieved on Monday.

The All-Share Index declined by 614.43 points or 1.62 percent to close at 37 274.04 from the 37 888.47 posted on Monday.

A breakdown of the price movement chart showed that Nestle led the price losers, shedding N51.27 to close at N975.08 per share.

Dangote Cement followed with a loss of N5.20 to close at N228.40, while Forte oil lost N4.94 to close at N93.89 per share.

Mobil declined by N3.90 to close at N117, while Flour mill lost N3.45 to close at N74.50 per share.

On the other hand, 7UP topped the gainers' table, chalking up N1.24 to close at N88.01 per share.

GTBank garnered N1.12 to close at N23.79, while Guinness rose by N1 to close at N170 per share.

Total Nigeria gained 97k to close at N160, while UnionDicon appreciated by 63k to close at N14.14 per share.

In all, investors exchanged 286.793 million shares worth N4.54 billion in 4 798 deals.

This was against the 219.704 million shares valued at N2.41 billion traded in 4 091 deals on Monday.

UBA emerged the most traded stock, accounting for 32.54 million shares worth N224.51 million.

GTBank sold 28.93 million shares valued at N669.88 million, while Transcorp accounted for 23.21 million shares worth N86.65 million.

Skye Bank followed with 18.74 million shares valued at N63.51 million, while Zenith Bank traded 17.04 million shares worth N353.69 million.

-    NAN

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