Equity transaction on the Nigerian Stock Exchange (NSE) continued on a negative trend on Tuesday as the All Share Index declined by 0.45 percent to close at 27,475.48 from the opening value of 27,598.54 even as Market Capitalization dropped N43 billion to close at N9.436 trillion from the opening value of N9.479.
A total of 16 equities gained as against 17 losers. UBA led the losers chart with a decline of 9.57 percent or 45 kobo to close at N4.25, Cadbury declined by 4.98 per cent or N1.02 to close at N19.48, Access Bank lost 4.68 per cent or 26 kobo to close at N5.30 while FBNH and Skye Bank dropped 3.3 percent to close at N3.76 and N1.16 respectively.
Oando topped the gainers chart with 10.16 percent or 62 kobo appreciation to close a N6.72. The announcement today that the company has secured N94.6 billion loan from 10 local banks might have been responsible for the performance.
N.E.M Plc and Neimeth Plc also gained 5 percent or 4 kobo each to close at 84 kobo and 86 kobo respectively, while Unity Bank Plc and Honeywell Flour Plc added 4.17 percent and 3.59 per cent to close at N1 and N1.73 per share each.
A total of 183.24 million shares worth N2.01 billion were exchanged by investors in 3,488 deals compared 142.34 million shares exchanged for N1.43 billion in 3,695 deals of yesterday.
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