Equities market depreciates further by 0.84%

The Nigerian Stock Exchange (NSE) closed negative on Tuesday when the major indicators, All-Share Index and market capitalisation depreciated by 0.84 per cent respectively.

The All-Share Index closed at 25,032.17 basis points after it depreciated by 121.12  basis points or 0.84 per cent from 25,244.29 basis points it closed on Friday.

Nestle Nigeria, led the decliners’ table with a loss of N24.4 to close at N600.00 per share, followed by Nigeria Breweries, which shed 593 kobo to close at N112.82 per share, CAP depreciated by 157 kobo toclose at N30.43 per share, Guiness Nigeria dropped 100 kobo to close at N64.00 per share, while Unilever Nigeria went down by 100 kobo to close at N34.00 per share, among others.

Forte Oil, led the gainers’ table when it added 270 kobo to close at N56.7 per share, followed by Pz Nigeria which grabbed 57 kobo to close  at N12.16 per share, Glaxo Smithklin gained 50 kobo to close at N14.75 per share. Ecobank Transnational Incorporated gained 30 kobo to close at N9.8 per share, while Dangote Flour Mill increased by 13 kobo to close at N4.1 per share, among others.

Dn Tyre and Rubber emerged the most traded equity on Tuesday with an exchange of 21.199 million shares worth N10.599 million.

It was trailed by Sterling Bank having accounted for 16.697 million shares valued at N11.690 million. Access Bank recorded 14.368 million shares worth N96.485 million; Fidelity Bank exchanged 10.670 million shares valued at N9.028 million while Zenith Bank traded 9.617 million shares worth N149.019 million.