Investors on NSE lose N57bn on Tuesday

Investors on the Nigerian Stock Exchange (NSE) Tuesday recorded a loss of N57 billion as a result excess crave for profit taking.

This made the market capitalisation which opened at N14.969 trillion, dipped by N57 billion or 0.38 per cent to close at N14.912 trillion while the All-Share Index lost 159.54 points or 0.38 per cent to close at 41,686.36, compared to 41,845.90 recorded on Monday.

Seplat recorded the highest loss, leading the losers’ table with N38 to close at N722 per share. Lafarge Africa trailed with a loss of N2.65 to close at N50.35, while Cadbury shed 1.45 to close at N14 per share.

Nigerian Breweries dropped by N1.30 to close at N127.20, while Stanbic IBTC went down by 85k to close at N48.15 per share.

On the other hand, Total Plc led the gainers’ table for the day, adding N11.60 to its opening value to close at N243.70 per share. Unilever followed with a gain of N2.65 to close at N55.65, while NASCO Allied industries gained 65k to close at N20 per share.

FBN Holdings gained 30k to close at N12, while Eterna Oil appreciated by 28k to close at N5.98 per share.

Fidson Healthcare traded 85.13 million shares worth N424.80 million and stood out on the day as the toast of investors. Africa Insurance followed with a turnover of 40.10 million shares valued at N10.03 million, while FBN Holdings sold 34.89 million shares worth N420.18 million.

Zenith Bank traded 24.14 million shares valued at N6.12. 28 million, while Multitrex exchanged 20.02 million shares worth N8.21 million.

In all, the volume of shares traded rose by with an exchange of

Investors traded 409.21 million shares valued at N3.92 billion in 4,996 deals which representing 24.85 per cent improvement on 327.76 million shares worth N5.26 billion transacted in 5,366 deals on Monday.