12 November 2012

Nigeria: Capital Market Indices Drop On NSE

Trading on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish note with major blue chips recording price depreciations.

The News Agency of Nigeria (NAN) reports that the All-Share Index consequently dropped 108.97 points or 0.41 per cent to close at 26,609.33 as against 26,718.30 posted on Friday.

Similarly, the market capitalisation which opened at N8.51 trillion depreciated by N35 billion to close at N8.48 trillion.

NewGold recorded the highest loss of N12 to close at N2, 640 per unit.

It was followed by Nestle with a loss of N2.83 to close at N629.50 while Dangote Cement decreased by N1.50 to close at N121 per share.

CAP lost N1.49 to close at N28.35 trailed by Cadbury with 50k to close at N24 per share.

On the other hand, Nigerian Breweries led the gainers' table with N1.70 to close at N137 per share.

PZ Cussons gained 81k to close at N28.42 whereas NCR increased by 65k to close at N13.74 per share.

UAC Property appreciated by 60k to close at N12 while Berger Paints garnered 42k to close at N8.82 per share.

In all, a total of 215.76 million shares worth N1.63 billion were exchanged by investors in 3,857 deals as against 255.33 million shares worth N1.91 billion traded in 4,076 deals. NAN

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