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NSE market indices dip by 0.14%

27 August 2013, 16:22

Lagos - Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a negative note as a result of price losses by some highly-capitalised stocks.

The News Agency of Nigeria (NAN) reports that the All-Share Index, which opened at 36,577.28, dropped by 50.54 points to close at 36,526.73.

Similarly, market capitalisation dipped by N16 billion or 0.14 per cent to close at N11.56 trillion against the N11.58 trillion achieved on Friday.

Champion led the price losers' pack by N1.74 to close at N15.68 per share.

UBN and Port Paint lost 55k each to close at N10 and N5.01 per share, respectively.

Nigerian Breweries and UAC Property also dropped by 50k to close at N167 and N16.20 per share, respectively.

Dangote Cement led the gainers' chart by N2 to close at N190 per share.

Okomu Oil followed Dangote Cement with N1.49 to close at N46.49 per share, while Eterna Oil appreciated by 27k to close at N3.02 per share.

UPL rose by 20k to close at N4.30 per share, while Jos International Breweries gained 18k to close at N2.01 per share.

The volume of shares traded dropped by 35.18 per cent as a total of 158.04 million shares worth N2.3 billion were traded in 4,834 deals.

This was in contrast to 243.85 million shares worth N3.1 billion traded in 4 879 deals on Friday.

Transcorp emerged the most traded stock, accounting for 18.66 million shares worth N24.36 million.

UBA came second on the activity chart with a turnover of 13.15 million shares valued at N98.10 million, while Fidelity Bank sold 13.05 million shares worth N36.04 million.

-  NAN


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