28 November 2012

Nigeria: Capital Market Indices Dip By N14 Billion

Trading activities on the Nigerian Stock Exchange (NSE) on Wednesday ended on a negative note with some major blue chips equity recording price losses.

The News Agency of Nigeria (NAN) reports that the All-share index also depreciated by 137.73 basis points to close at 26,226.25 points as against 26,363.98 recorded on Tuesday.

The market capitalisation, which opened at N8.393trillion dropped N14billion or 0.2 per cent to close at N8.379 trillion. NewGold led the losers' chart with a loss of N17 to close at N2,661 per unit.

Portpaint and Flourmill came second with 20k each to close at N3.80 and N66 per share respectively. NAHCOl lost 17k to close at N5.35, while Oando dipped by 14k to close at N11.85 per share.

Nestle led the price gainers' chart with a gain of N15 to close at N640 per share. FG7B201552 followed with N7.83 to close at N81.38 per share while Total grew by N5.93 to close at N124.68 per share.

FG8B201451 gained N4.45 to close at N97.28, while GlaxoSmithKline rose by N2.06 to close at N43.40 per share.

In all, investors bought a total of 168.5 million shares worth N1.3 billion traded in 3,861 deals, as against 256.13 million shares worth N2.1 billion exchanged in 4,438 deals on Tuesday. (NAN)

Copyright © 2012 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.