Sunday, May 16, 2021

Indices at Nigeria Stock Exchange downed By 1.19%

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Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Ththe All-Share Index and market capitalizationtion, yesterday, were further dragged down by 1.19 per cent each due to losses by Nestle Nigeria Plc and Dangote Cement Company Plc.
These companies were among other stocks that suffered various levels of price depreciation to further depress the All-Share Index by 302.94 basis points or 1.19 per cent to 25,207.07 bases point from 25510.01 points it closed the previous trading day, while market capitalisation depreciated by N104.8 billion to close at N8.722 trillion from N8.827 trillion it closed previously.

Nestle Company Nigeria, led losers’ table when its shares price depreciated by N21.93 to close at N728.07 per share, followed by Dangote Cement which slipped by 400 kobo to close at N160.00 per share, Ecobank Transnational Incorporated dropped 41 kobo to close at N7.79 per share, Oando lost 27 kobo to close at N5.32 per share, while Union Bank of Nigeria depreciated by 26 kobo to close at N4.98 per share, among others.

On the other hand, Seplat Oil Company led the top five gainers for the day when it added N10.00 to close at N400.00 per share, it was trailed by Forte Oil, which raked additional 50 kobo to close at N44.5 per share, Dangote Flour Mills garnered 18 kobo to close at N4.4 per share, FBN Holdings grabbed 16 kobo to close at N3.36 per share, while Stanbic IBTC Bank recorded 14 kobo to close at N18.9 per share, among others.

Diamond Bank emerged the most traded equity on Tuesday with an exchange of 51.809million shares worth N42.325 million. It was followed by Guaranty Trust Bank having accounted for 40.881 million shares valued at N1.001 billion, FBN Holdings exchanged 20.664 million shares valued at N67.811 million; United Bank for Africa sold 20.190 million shares valued at N106.754 million while Fidelity Bank traded 19.128 million shares worth N15.854 million.

Overall, a total of 254.959 million shares worth N2.449 billion in 2,854.00 deals exchanged hands at the close of trading on yesterday.

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