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Equities Market shed 0.64% on profit-taking

Nigerian Stock Exchange (NSE) closed on investors profit-taking  on Thursday when the All-Share Index and market capitalisation depreciated by 0.64 per cent respectively.

The equities market All-Share Index closed on Thursday at 25,322.30 basis points  from 25,485.28 basis point it closed on Wednesday.

Consequently, Market Capitalisation added N20.4 billion to close at N8.763 trillion from N8.783 trillion it closed on Wednesday.

Unilever Nigeria, led the gainers’ table when it added 100 kobo to close at N35.00 per share, followed by UACN Company which grabbed 60 kobo to close at N15.1 per share, while Oando Oil gained 10 kobo to close at N4.8 per share. MANSARD gained 7 kobo to close at N1.49 per share.

Caverton Offshore Support Group increased by 3 kobo to close at N0.9 per share, among others.

Nestle Nigeria, led the decliners’ table with a loss of N21.6 to close at N624.4 per share, followed by 7Up Bottling Company, which shed 560 kobo to close at N106.5 per share, Forte Oil depreciated by 283 kobo to close at N53.87 per share.

Nigeria Breweries dropped 127 kobo to close at N128.73 per share, while PZ Nigeria went down by 119 kobo to close at N11.04 per share, among others.

Fidelity Bank emerged the most traded equity on Thursday with an exchange of 24.435 million shares worth N20.781 million.  

.It was trailed by Diamond Bank having accounted for 20.295 million shares valued at N17.525 million. Zenith Bank recorded 12.502 million shares worth N187.664 million; FBN Holding exchanged 10.692 million shares valued at N33.899 million while Standard Trust Insurance traded 10.002 million shares worth N5.695 million.

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