Guinness loses big, Forte Oil gains -

Categories: Nigeria News


The market capitalisation of the Nigerian Stock Exchange (NSE), on Tuesday declined by N65 billion, as a result of huge price losses by some blue chip companies.

The market capitalisation closed lower at N11.998 trillion from the N12.063 trillion achieved on Monday.

The All-Share Index lost 205.17 points or 0.54 per cent to close at 37,885.57.

Guinness topped the losers’ table by N8, to close at N252 per share.

It was trailed by PZ Cussons with a loss of N4.20, to close at N44.30, while Nigerian Breweries dipped by N3.30 to close at N167 per share.

UAC-Property declined by 99k to close at N15, while NASCON lost 45k to close at N12.50 per share.

On the other hand, Forte Oil led the gainers’ chart by N3.27 to close at N36 per share.

Conoil followed with a gain of N2.78 to close at N30.61, while MRS gained N2.50 to close at N27.55 per share.

GlaxoSmithKline appreciated by N1.50 to close at N60 per share, while Champion grew by 85k to close at N9.39 per share.

The volume of shares traded increased to 1.28 billion shares worth N4.3 billion traded in 5,700 deals , as against 509.49 million shares valued at N2.7 billion traded in 5,764 deals.

Transcorp emerged the most-traded equity, accounting for 939.63 million shares worth N1.36 billion.

Sterling Right sold a total of 25.41 million shares worth N40.6 million, while UBA traded 23.98 million shares valued at N199.1 million.

Investors staked N376.24 million on 20.74 million shares of FBN Holdings, while Fidelity Bank’s investors traded a total of 19.61 million shares worth N60.26 million.

Posted in Nigeria News. A DisNaija.Com network.

Source: PM News

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