NSE moves 256.44m shares valued N1.97bn in bear market


1339758095-nigerian-stock-exchange-nseInvestors’ at the Nigerian Stock Exchange (NSE) on Tuesday, staked N1.97 billion on 256.44 million shares traded in 4,731 deals.

This was against 196.26 million shares worth N1.67 billion exchanged in 3,248 deals on Monday.

An analysis of the activity chart indicated that Zenith Bank was the toast of investors, trading 51.48 million shares valued N471.69 million transacted in 726 deals.

Diamond Bank followed with a total of 34.05 million shares worth N52.42 million in 106 deals, while GT Bank accounted for 19.19 million shares valued N263.64 million achieved in 325 deals.

Transcorp sold 15.96 million shares worth N16.88 million exchanged in 88 deals, while Fidelity Bank recorded a turnover of 13.85 million shares N16.685 million in 51 deals.

The market indices sustained downward trend with the All-Share Index dropping by 94.51 points or 0.42 per cent to close at 22,456.32 against 22,550.83 posted on Monday.

Also, the market capitalisation which opened at N7.755 trillion lost N32 billion to close at N7.723 trillion due to price depreciation.

Nestle led the losers’ chart, dropping by N27.95 to close at N675.10 per share.

Guinness trailed with a loss of N9.89 to close at N93, while Seplat shed N8.40 to close at N159.72 per share.

Mobil Oil declined by N7.25 to close at N137.75 and 7UP lost N4.25 to close at N162 per share.

On the other hand, Lafarge Africa recorded the highest price to lead the gainers’ chart, growing by N1.70 to close at N80 per share.

International Breweries garnered N1.40 to close at N16.30, while Glaxosmithkline gained N1.26 to close at N27 per share.

UACN advanced by 82k to close at N17.22, while Nigerian Breweries appreciated by 65k to close at N94.65 per share.

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