BY PROVIDENCE OBUH

The declining trend witnessed in the last couple of weeks in the Nigerian Stock Exchange continued last week, as the value of listed equities represented by the market capitalisation depreciated by N198.93 billion.

Specifically, the capitalisation which opened the week at N7.484 trillion dipped by 2.66 per cent to close at N7.285 trillion.

Another key performance indicator, the All-share index also declined by 2.66 per cent or 621.89 basis points to close at 22,775.55 points from 2,3.397.44 points.

Guinness Nigeria Plc led 47 other companies on the weekly price gainers’ table, dropping by N20, representing a depreciation of 8.33 per cent to close at N220 per share, Oando Plc followed with a loss of N8.43 or 22.56 per cent to close at N28.94 per share and Nigerian Breweries Plc dipped by N7.00 or 7.53 per cent to close at N86 per share.

Other share price losers include: Conoil Plc N3.41, Dangote Cement Plc N3.00, Nestle Nigeria Plc N2.00, Cadbury Nigeria Plc N1.70, Cadbury Nigeria Plc N1.70, Nigerian Bottling Company Plc N1.25, Flour Mills Nigeria Plc N1.00 and Northern Nigeria Flour Mills Plc N0.90 among others.