Nigerian bourse sheds N151.392bn  to profit-taking in Tuesday trading

The Nigerian Stock Exchange (NSE) closed in the negative territory on Tuesday as market capitalisation shed N151.392 billion, due mainly to profit-taking by investors in the local bourse.

The All-Share Index (ASI) also shrank by 1.27 per cent to close at 22,629.92 even as the market capitalisation closed at N11.794 trillion.

Omoluabi Microfinance Bank led the gainers’ chart for the day as it appreciated by 9.09 per cent to close at N0.60. NPF Microfinance Bank followed with a gain 8.70 per cent to close day at N1.25. Lasaco Insurance rose to N0.25, notching up by 4.17 per cent even as Learn Africa added 2.11 per cent to end the day’s trade at N0.97 per share.

On the other hand, Oando was the worst performing stock for the day, declining by 10 per cent to close at N2.25. Champion Breweries shed 10 per cent to close at N0.81 per share.

FBN Holdings recorded a price depreciation of N4.25, losing 9.57 per cent of its opening vale. WAPCO slumped to N10.35, recording 9.21 per cent depreciation while Fidelity Bank closed at N1.72, having recorded a drop of 8.99 per cent.

The market traded 250.346 million shares estimated at N2.325 billion in 4,877 deals.

FBN Holdings was the most active stock for the second day running with 71.061 million units of its stocks worth N298.701 million traded in 393 deals. A total of 52.200 million units of Zenith shares priced at N695.025 million exchanged hands in 907 transactions.

Investors traded 24.435 million shares of GTB valued at N451.857 million traded in 613 deals. UBA traded 15.167 million shares estimated at N85.910 million in 227 transactions. Fidelity traded 13.282 million shares valued at N22.950 million in 109 deals