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.


Trading close lower on NSE

26 November 2013, 17:15

Lagos - Transactions on the Nigerian Stock Exchange (NSE) closed lower on Monday with the market indices dropping marginally by 0.06 per cent.

The News Agency of Nigeria (NAN) reports that the market capitalisation depreciated by N7 billion or 0.06 per cent to close at N12.545 trillion against N12.552 trillion achieved on Friday.

The market decline was as a result of price losses recorded by some blue chips.

The All-Share Index lost 24.03 points or 0.06 per cent to close at 39 222.02 compared with 39 246.05 posted on Friday.

Analysis of the price movement indicated that Lafarge Wapco led the laggards' pack with a loss of N5.54 to close at N105.26 per share.

Nestle followed with N3 to close at N1 197, while UACN lost 65k to close at N66.35 per share.

Transcorp dipped by 56k to close at N5.31, while National Salt depreciated by 47k to close at N13.10 per share.

Conversely, Forte Oil led the gainers' table, appreciating by N4.59 to close at N114.45 per share.

Presco trailed with a gain of N1.75 to close at N36.75, while GT Bank rose by N1 to close at N27.80 per share.

GlaxosmithKline gained 80k to close at N64.80, while Okomu Oil grew by 55k to close at N43.94 per share.

The volume of shares traded declined by 53.14 per cent with 545.25 million shares worth N3.97 billion against the 1.16 billion shares valued at N7.92 billion recorded on Friday.

Transcorp remained the toast of investors, accounting for 170.97 million shares worth N926.79 million.

Unity Bank came second on the activity chart with 46.63 million shares valued at N30.73 million, while Skye Bank sold 40.82 million shares worth N163.22 million.

Investors staked N375.93 million on 36.65 million shares of Access Bank, while Wapic Insurance traded 31.26 million shares valued at N31.17 million.



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...