Profit-taking in consumer goods’ dampen NSE ASI by 0.74%


The equities market of Nigerian Stock Exchange (NSE) closed Thursday on a
negative position after taking a breather as profit-taking
persisted in the consumer goods index.
The NSE All-Share Index (ASI) depreciated 0.74per cent on the back of
profit-taking in some blue chips companies.
NSE ASI moved from 29,014.78 basis points to 28,798.67 basis points
while the market capialtalisation of all the listed companies on the
equities market also depreciated by N7.43 billion from N9.97 trillion
to N9.90 trillion.
Major consumers’ goods that recorded decline include Nestle Nigeria,
7up Nigeria, Nigerian Breweries and Dangote Sugar Plc.
The equities market activities as measured by value and volume closed
today at N1.30 billion and 167.29 million respectively.
At the close of trading, most of the sector index went negative expect
for the Oil and Gas Index.
The Oil and Gas Index closed positive at the close of trading to lead
the gainers list at the close of trade as investors’ keen interest in
Oando Plc.
Oil and gas Index recorded a moderate performance as the index
appreciated by 0.6 per cent to 343.41 basis points.
On the flip side, the consumer goods index declined further at the
close of trading consequent on loses in the industry bellwethers;
Nestle Nigeria dropped by 0.9 per cent, 7UP Nigeria Plc lost 2.4 per
cent while Dangote Sugar depreciated by 3.2 per cent to close the
index negative by 1.71 per cent.
Followed by the Industrial Goods Index, the profit-taking in the index
persist for the second consecutive trading day, the index closed
negative as profit taking persist in Lafarge Wapco dropped by four
per cent to moderate the index at the close of trade by 1.59 per cent.
In the same vein, the Banking Index closed negative as profit-taking
persist in Diamond bank that dropped by 4.7 per cent and Zenith Bank
Plc that recorded a decline of 0.6 per cent to decline the index
performance by 1.02 per cent.
At the closing of the market, CAP led 12 others in price gainers while
FIDSON top the losers chart.
Cap increased by five per cent or N1.95 from N39.00 to N40.95,
UAC-PROP gained 4.99 per cent or N1.95 to N6.94 as against N6.61 the
market opened today.
Dangote Flour Mills rose by 4.55 per cent or N0.11 from N2.42 to N2.53
while Ikeja Hotel appreciated by 4.5 per cent or N0.15 from N3.33 to
On the losers side, Fidson dropped by 4.89 per cent or N0.15 to
N2.92. Etranzact recorded a decline of 4.8 per cent or N0.13 to close
today at N2.57 from N2.70 the market opened.
May & baker Plc and Diamond Bank Plc fell by 4.8 per cent and 4.7 per
cent to close today at N1.20 and N2.62

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