Nigeria’s bourse market capitalisation falls by N124bn

The market capitalisation of the Nigerian Stock Exchange fell by N124bn, or 0.90 per cent, to close at N13.622bn against N13.746bn on Monday.

The All-Share index lost 341.80 points, or 0.90%, to close at 37,605.12 against 37,946.92 on Monday.

The News Agency of Nigeria reports that some blue chips stocks recorded a price depreciation, with Nestlé leading the table with a loss of N65 to close at N1.510 per share.

Mobil Oil trailed with N9.90 to close at N190, while Lafarge Africa shed N1.50 to close at N39.45 per share.

Dangote Cement closed at N222.80 with N1.30, while Cadbury depreciated by 70k to close at N12.20 per share.

Beta Glass led the gainer’s table for the day, gaining N4.15 to close at N90.45 per share.

Unilever followed with a N2.50 gain to close at N55, while Nigerian Breweries garnered 80k to close at N113.90 per share.

Redstar Express increased 50k to close at N6.50, while Custodian and Allied Insurance added 38k to close at N5.50 per share.

A breakdown of the graphical activity indicates that Multiverse was the most active share of the day, trading 100 million shares with a value of N20m.

Zenith International Bank came second with 16.49 million shares valued at N403.28 million, while Guaranty Trust Bank traded 13.01 million shares valued at N515.96 million.

Access Bank sold 12.90 million shares for N133.02m, while FBN Holdings traded 10.81 million shares worth N113.96m.

In total, investors staked N2.65bn on 257.39 million shares traded in 3,932 transactions.

This contrasts with a total of 256.23 million shares valued at N1.86bn in 3,308 transactions.