Breaking News

Investors lose N262bn on NSE

INVESTORS’ woes heightened last week, as the value of their investment on the Nigerian Stock Exchange (NSE) dipped by N262.4 billion.The dip in their investment value was engendered by continuous decline in the key market indices, represented by the market capitalisation and All-share index. Both the capitalisation and index depreciated by 4.51 per cent each.

Specifically, the index which opened at 25,382.50 points shed 1,144.65 basis points to close the week at 24,237.85 points while the capitalisation dipped by N262.4 billion to close at N5.612 trillion

trillion at which it opened.The decline was occasioned by losses on the share prices of majority of the listed equities, with Benue Cement Company Plc recording the most share price loss, dropping by N6.65 to close at N42.35 per share, Total Nigeria Plc followed with a loss of N6.50 to close at N145.50 per share and Chevron Oil Nigeria Plc dipped by N4.47 to close at N85.60 per share.

Other share price losers include: Nigerian Breweries Plc N4.14, Lafarge Cement WAPCO Nigeria Plc N3.40, African Petroleum Plc  N3.32, Julius Berger Nigeria Plc N3.2, Nigeria Enamelware Company Plc N2.94, UAC Nigeria Plc N2.50, Nigerian Aviation Handling Cmpany Plc N2.36 among others.

On the contrary, Nestle Nigeria Plc recorded the most share price gain, rising by N13.65 to close at N212.10 per share, Guinness Nigeria Plc followed with a gain of N4.50 to close at N144.00 per share and Mobil Oil Nigeria Plc garnered N4.00 to close at N114.00 per share.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.