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NSE market indices record 0.16% decline

17 August 2012, 11:02

Lagos - Trading activities on the Nigerian Stock Exchange (NSE) on Thursday ended on a negative note with some highly capitalised companies recording huge price depreciation.

The All-Share Index also depreciated by 38.31 basis points or 0.16 per cent to close at 23,066.74 points against the 23,105.05 recorded on Wednesday.

Also, the market capitalisation which opened at N7.354 trillion appreciated by N12 billion or 0.16 per cent to close at N7.342 trillion.

NewGold led the losers’ chart with a loss of N17 to close at N2,428 per unit.

Dangote Cement came second with N2.40 to close at N110, while Unilever dropped by 50k to close at N35 per share.

Oando lost 38k to close at N13.61, while Dangote Flour dipped by 17k to close at N6.13 per share.

On the other hand, Nigerian Breweries led the price gainers’ chart gaining N1.65 to close at N122 per share.

CAP followed with N1.20 to close at N25.32, while GlaxoSmithKline grew by 97k to close at N30.50 per share.

Guaranty Trust Bank gained 40k to close at N17.80, while Berger Paint rose by 34k to close at N7.27 per share.

The Financial Service sector was the most active as investors bought 113.41million shares worth N605.33 million traded in 2,030 deals.

The banking sub-sector was the investors’ delight with 93.38 million shares worth N592.66 million traded in 1,868 deals.

Diamond Bank was the toast of investors with 19.14 million shares worth N50.35 million traded in 91 deals.

First Bank ranked second with N10.36 million shares valued at N127.90 million traded in 440 deals.

In all, investors bought 140.11 million shares worth N1.3 billion traded in 3,474 deals.

This was against 231.98 million shares worth N1.6 billion exchanged in 3,759 deals on Wednesday.


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