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NSE market capitalisation dips by N37 billion in bearish trading

18 July 2014, 06:40

Lagos - Activities at the Nigerian Stock Exchange (NSE) on Thursday closed on a downward trend after three consecutive days of equity rallies across the floors of the Nigerian Stock Exchange (NSE).

The media reports that the market capitalisation which opened at N14.208 trillion lost N37 billion to close at N14.171 trillion due to profit taking.

The All-Share Index depreciated by 111.75 points or 0.26 per cent to close at 42 918.52, compared with 43 030.27 declared on Wednesday following price depreciation.

Forte Oil recorded the highest price loss, shedding N2 to close at N238 per share.

Guinness trailed with a loss of N1.8 to close at N197.1, while GTBank dipped N1 to close at N30 per share.

Oando Oil lost 92k to close at N25.65, while Lafarge Wapco depreciated by 85k to close at N119 per share.

On the other hand, Mobil led the gainers’ chart by N7.35 to close at N154.5 per share.

PZ Cussons gained N1.99 to close at N37.99, while NNFM grew by N1.02 to close at N19.79 per share.

Julius Berger appreciated by 72k to close at N65, while Total chalked up 6k to close at N180.2 per share.
Fidelity Bank emerged as the most traded stock, accounting for 44.83 million shares worth N87.49 million.

FBN Holdings exchanged 40.58 million shares valued at N652.39 million, while Nascon sold 38.59 million shares worth 399.91 million.

In all, investors traded 365.252 million shares worth N4.43 billion in 4,904 deals compared with 317.158 million shares valued at N3.06 billion traded in 5,098 deals on Wednesday.

-    NAN

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