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Wednesday, 10 September 2014
Forte Oil gains most as stock market dips by N115bn
Transactions on the Nigerian Stock Exchange (NSE) closed lower on Tuesday with the market indicators depreciating by 0.84 per cent as a result of sell pressure.
The All-Share Index declined by 346 points or 0.84 per cent to close at 40,868 against the 41,214.81 posted on Monday.
The market capitalisation, which opened at N13.609 trillion, lost N115 billion or 0.84 per cent to close at N13.494 trillion due to price losses by some blue chip equities.
Seplat led the price losers’ chart with a loss of N29.98 to close at N650 per share.
Nestle came second with a loss of N8.99 to close at N1010.01, while Dangote Cement lost N5 to close at N219.99 per share.
Guinness dipped by N2.28 to close at N173.52, while Conoil dropped N2.11 to close at N58.89 per share.
Conversely, Forte Oil topped the price gainers’ chart, gaining N7.01 to close at N225 per share.
Total Oil garnered N3.96 to close at N176.02, while Ashaka Cement rose by N2.05 to close at N33 per share.
CAP decreased by 65k to close at N39.7, while Nigerian Breweries improved by 51k to close at N177.01 per share.
Ashaka Cement emerged the most traded stock, trading 1.31 billion shares worth N40.65 billion.
Access Bank recorded a turnover of 62.16 million shares valued at N570.20 million, while UBCAP sold 48.17 million shares valued at N102.38 million.
ETI traded 34.80 million shares valued at N628.19 million, while Transcorp accounted for 28.24 million shares valued at N180.41 million.
In all, a total of 1.649 billion shares worth N46.35 billion were traded by investors in 4,782 deals against the 479.791 million shares valued at N50.71 billion traded in 4,168 deals on Monday.
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