DESPITE price gains that outweighed losses, transactions on the Nigerian Stock Exchange (NSE) closed on a downward note yesterday, following price losses suffered by major bluechip companies, as market capitalization slide marginally by N44 billion.
Volume of shares traded also dropped marginally, as investors exchanged 188.546 million shares worth N2.148 billion changed hands in 4085 deals against 424.416 million shares worth N3.538 billion made the previous day in 5081 deals.
Specifically, at the close of transactions yesterday, the All/ Share index decreased by 136.99 basis points from 36,926.29 points recorded on Friday to 36789.30 yesterday while market capitalisation of listed equities dropped by N44 billion or 0.37 per cent to N11.650 trillion from N11.694 trillion traded on Friday.
Further analysis of yesterday’s trading showed that Nestle Nigeria Plc topped the losers chart, shedding N6.00 to close at N994.00 while Nigerian Breweries followed with a loss of N2.70 kobo to close at N160.30 kobo Cadbury shed N1.57 kobo to close at N54.53 kobo.
Other stocks that recorded price depreciation are CAP and Zenith Bank shedding N0.49 kobo and N0.40 kobo to close at N49.00 and N20.30 kobo.
First City Monument Bank dropped N0.10 kobo to close at N2.06 per share RT Briscoe shed N0.04 kobo to close at N1.70 per share.
NEM, AIICO AND UBCAP also shed N0.03 and N0.01 kobo respectively to close at N0.73,N0.90 and N1.18 per share.
Guinness Nigeria Plc led the gainers table, appreciating by N3.00 to close at N255.00, Flour Mills Nigeria Plc followed with a gain of N2.93 kobo to close at N82.99 kobo while Larfarge Wapco, Betaglass, Total Nigeria Plc appreciated by N1.20 kobo, N1.00 and N0.99 kobo respectively to close at N96.00, N11.00 and N159.99 kobo.
GTBank recorded the highest volume of activity as it traded 35.439 million shares worth N909.021 million, Transnational Corporation of Nigeria (Transcorp) followed with account of 24.128 million shares valued at N36.831 million while AIICO traded 20.619 shares valued at N18.626 million. NEM Insurance Plc took fourth position, exchanging 13.142 million shares worth N9.751 million and FBN Holdings traded 12.971 million shares valued at N229.350 million.