Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


NSE market capitalisation dips by N90bn

01 August 2014, 14:15

The Lagos - The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by N90 billion or 0.64 percent on Thursday as major stocks recorded price losses.

The market capitalisation closed lower at N13.900 trillion from the N13.990 trillion recorded on Wednesday.

Also, the All-Share Index which opened at 42 368.99, dropped by 271.5 points to close at 42 097.49.

Dangote Cement led the losers’ chart by N3.94 to close at N230 per share.

Guinness depreciated by N2.3 to close at N195, while UACN and International Breweries lost N1.4 each to close at N61 and N26.65 per share respectively.

Glaxosmith also dipped by N1.09 to close at N65.01 per share.

On the other hand, Forte Oil led the gainers’ chart by N7 to close at N218 per share.

7UP bottling Company gained N6.97 to close at N107, while Nigerian Breweries grew by N1.05 to close at N180.1 per share.

Stanbic IBTC appreciated by 7k to close at N31.24, while Ashaka Cement chalked up 58k to close at N31.08 per share.

Access Bank emerged as the most traded stock, accounting for 48.87 million shares worth N482.46 million.

UBA Bank exchanged 46.26 million shares valued at N356.27 million, while Transcorp sold 28.53 million shares worth N159.66 million.

In all, investors exchanged a total of 354.760 million shares worth N6.91 billion in 6 248 deals.

This was against the 713.842 million shares valued at N6.73 billion traded in 5 830 deals on Wednesday.

The volume of traded shares represented a decrease of 50.30 percent.

-        NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...