NSE index dips to 26,000bpts


The benchmark indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped to 26,950.76 basis points after profit-taking  that occasioned trading activities for the month of December.

Specifically, the index lost 229.04 basis points or 0.84 per cent from the opening figure of 27,179.28 basis points.

The Market Capitalisation also lost N78 billion on Tuesday to reverse the gains of the last three days due to profit- taking.

The market value, which opened at N9.344 trillion, dropped by 0.84 per cent to close at N9.266 trillion.

Market analysts attributed the development to profit-taking embarked by investors to take advantage of the gains recorded in the last three trading days.

Nestle Nigeria Plc topped the losers’ chart, dropping N10.30 or 1.27 per cent to close at N800.00 per share.

Guinness Nigeria Plc came second with N5.45 or 4.28 per cent to close at N122.00 per share, while Lafarge. Africa dipped by N1.99 to close at N90.01 per share.

Seplat Plc declined by N3.49 or 1.66 per cent to close at N206.51 per share, while Nigerian Breweries depreciated by N1.90 or 1.60 per cent to close at N117.10 per share.

On the other hand, Unilevr Nigeria Plc led the gainers’ table with N2.05 or 4.88 per cent to close at N44.05 per share.

Flourmills Nigeria Plc followed with a gain of N1.02 or 4.86 to close at N2.02 per share, while Julius Berger Plc rose by N1.89 or five per cent to close at N39.70 per share.

Ecobank Transnational Incorporated Plc (ETI) grew by 74 kobo to close at N16.64 per share, while Pressco Plc appreciated by 20 kobo or 62 per cent to close at N32.50 per share.

In all, investors staked N3.169 billion on 189.320 million shares in 3,265 deals.

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