{"id":6998,"date":"2013-07-24T00:25:49","date_gmt":"2013-07-24T00:25:49","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/guinness-loses-big-forte-oil-gains\/"},"modified":"2013-07-24T00:25:49","modified_gmt":"2013-07-24T00:25:49","slug":"guinness-loses-big-forte-oil-gains","status":"publish","type":"post","link":"https:\/\/disnaija.com\/guinness-loses-big-forte-oil-gains\/","title":{"rendered":"Guinness loses big, Forte Oil gains"},"content":{"rendered":"
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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.<\/p>\n

The market capitalisation closed lower at N11.998 trillion from the N12.063 trillion achieved on Monday.<\/p>\n

The All-Share Index lost 205.17 points or 0.54 per cent to close at 37,885.57.<\/p>\n

Guinness topped the losers’ table by N8, to close at N252 per share.<\/p>\n

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.<\/p>\n

UAC-Property declined by 99k to close at N15, while NASCON lost 45k to close at N12.50 per share.<\/p>\n

On the other hand, Forte Oil led the gainers’ chart by N3.27 to close at N36 per share.<\/p>\n

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.<\/p>\n

GlaxoSmithKline appreciated by N1.50 to close at N60 per share, while Champion grew by 85k to close at N9.39 per share.<\/p>\n

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.<\/p>\n

Transcorp emerged the most-traded equity, accounting for 939.63 million shares worth N1.36 billion.<\/p>\n

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.<\/p>\n

Investors staked N376.24 million on 20.74 million shares of FBN Holdings, while Fidelity Bank\u2019s investors traded a total of 19.61 million shares worth N60.26 million.<\/p>\n

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