Stock market dips 0.01% as NB lead gainers


Trading on the Nigerian Stock Exchange (NSE) yesterday maintained negative stance with the benchmark indices dropping  0.01 per cent each.

Specifically, the All-Share Index lost 2.33 points to close at 26,948.43 basis points in contrast to the opening figure of 26,950.78 basis points recorded on Tuesday.

The Market Capitalisation also dipped by N1 billion due to profit-taking and closed trading for the Wednesday at N9.265 trillion as against N9.266 trillion it was on Tuesday.

Checks on the NSE trading statistics showed that Seplat Plc topped the losers’ chart, dropping by N3.51 or 1.70 per cent to close at N203.00 per share.

Dangote Cement Plc came second with N2.85 or 1.97 per cent to close at N156.10 per share, while Cadbury Plc dipped by N1.00 or five per cent to close at N19.00 per share.

Okomu Oil Plc declined by N1.00 or 3.57 per cent to close at N27.00 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, Nigeria Breweries Plc led the gainers’ table with N3.92 or 3.35 per cent to close at N121.02 per share.

PZ Plc followed with a gain of N2.71 or 10.20 per cent to close at N29.29 per share, while Ashakacem Plc rose by N2.30 or 10.23 per cent to close at N24.79 per share.

Guinness Nigeria Plc grew by N1.00 or 0.82 per cent to close at N123.00 per share, while Guaranty Trust Bank Plc appreciated by 49 kobo or 2.57 percent to close at N19.58 per share.

In all, investors staked N2.08 billion on 196.511 million shares in 2,781 deals.


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