…NSE share value dips further by N47bn
BY PROVIDENCE OBUH
Activities on the Nigerian Stock Exchange continued on a bearish note Tuesday, as equities’ value represented by the market capitalisation declined further by N46.93 billion.
In particular, the capitalisation depreciated by 0.58 per cent to close at N8.001 trillion from N8.047 trillion at which it opened.
Another key performance indices, the All share index, garnered 0.58 per cent or 146.79 basis points to close at 25,023.84 points from 25,170.63 points.
A.G. Leventis Plc led 26 other stocks on the losers table, dropping by five per cent or N0.11 to close at N2.09 per share, Conoil Plc followed with a loss N2.00 to close at N38.00 per share and Northern Nigeria Flour Mill Plc dipped by N1.38 to close at N26.36 per share.
Other share price losers include: Forte Oil Plc N1.06, Costain West Africa Plc N0.14, Union Homes Savings and Loans Plc N0.03, Ecobank Nigeria Plc N0.15, Air Services and Logistics Plc N0.13, Paints and Coatings Manufacturer Plc N0.07, Unity Bank Plc N0.04, among others.
On the contrary, May and Baker Nigeria Plc led on the gainers table with 4.99 per cent or N0.18 to close at N3.79 per share, Cement Company of Northern Nigeria Plc followed with N0.45 to close at N9.48 per share and University Press Plc garnered N0.26 to close at N5.50 per share.
Other share price gainers include: Niger Insurance Plc N0.03, Honeywell Flour Mill Plc N0.20, Oceanic Bank Plc N0.07, Union Bank Nigeria Plc N0.12, Transnational Incorporation Plc N0.05, Continental Reinsurance Plc N0.05, Prestige Assurance Plc N0.08, among others.
