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NSE market capitalisation dips slightly

13 December 2013, 14:02

Lagos - Transactions on the Nigerian Stock Exchange (NSE) ended on a negative note on Thursday as market capitalisation dipped slightly by 0.01 percent.

Market capitalisation lost N1 billion or 0.01 percent to close at N12.429 trillion against the N12.430 trillion recorded on Wednesday.

The All-Share Index also fell by 0.01 per cent or 2.68 points to close at 38 841.49 from the 38 844.17 posted on Wednesday.

Nestle topped the losers’ table, dropping N4.90 to close at N1 125 per share.

Guinness trailed with a loss of N3.71 to close at N265.29, while Wapco depreciated by N3 to close at N108 per share.

UAC Properties dropped 50k to close at N17.50, while Ashakacem lost 39k to close at N20.11 per share.

Cadbury led the gainers’ chart, chalking up N2.32 to close at N66 per share.

Flourmill appreciated by N1.99 to close at N87.99, while International Breweries rose by N1 to close at N26.20 per share.

Union Dicon share price rose by 84k to close at N9.12, while Unilever gained 64k to close at N60.50 per share.

FCMB was the toast of investors, accounting for 56.03 million shares worth N177.58 million.

Unity Bank came second on the activity chart with 28.16 million shares valued at N15.02 million, while Access Bank sold 26.89 million shares worth N258.32 million.

Transcorp traded 24.13 million shares valued at N88.01 million, while GTB sold 14.37 million shares worth N384.16 million.

The volume of shares traded fell by 30.41 per cent as 271.65 million shares worth N4.04 billion were traded in 4 357 deals compared with the 390.35 million shares valued at N2.93 billion traded in 5 012 deals on Wednesday.

-     NAN



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