Market capitalisation depreciates by N84bn


Transactions on the Nigerian Stock Exchange on Thursday recorded a downward trading after appreciating for four consecutive days.

The market capitalisation, which opened at N10, 215 trillion, lost N84 billion to close at N10.31 trillion due to profit taking.
Also, the All-Share Index depreciated by 249.88 points or 0.82 per cent to close at 30,365.05, when compared with the 30,614.93 postedon Wednesday.
Forte Oil recorded the highest price loss of N7 to close at N203 per share.
Nigerian Breweries trailed with a loss of N5 to close at N145, while Julius Berger dipped by N4.48 to close at N41.61 per share.
7UP lost N1 to close at N153, while UACN depreciated by 99k to close at N35.11 per share.
On the other hand, Mobil Oil led the gainers’ table by N5.80 to close at N155.80 per share.
Guinness followed with a gain of N1 to close at N127, while Oando Oil grew by 71k to close at N14.91 per share.
UBN improved by 40k to close at N11, while Dangote Cement appreciated by 37k to close at N152.90 per share.
In all, investors staked N4.12 billion on 378.744 million shares in 3,883 deals.
This is against the 381.290 million shares worth N4.91 billion traded in 5,283 deals on Wednesday.
The financial service sector sustained its leading position as the toast of investors with 308.23 million shares worth N2.55 billion in 2,445 deals.
The banking sub-sector drove activities in the sector accounting for 70.49 million shares valued N741.84 million achieved in 1,414 deals.


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