Business

Market capitalisation depreciates by N124billion

NSE1

Transactions on the floor of Nigerian Stock Exchange (NSE) ended on Tuesday in the negative territory as market capitalisation dropped by N124billion.

Specifically, the market capitalisation lost N124 billion or 0.96 per cent to close at N12.789 trillion against N12.913 trillion.

Also, All-Share Index which opened at 37,312.28 lost 358.87 points or 0.96 per cent to close at 36,953.41.

At the end of the day, Nestle Plc recorded the highest loss price to lead the losers’ table, declining by N40 to close at N1, 250 per share while Guinness trailed with a loss of N2.01 to close at N100 and Unilever was down by N2 to close at N38 per share.

Dangote Cement also dropped by N1.45 to close at N236.55, while Lafarge Africa declined by N1.45 to close at N50 per share.

On the other hand, Flour Mills led the gainers’ table for the day, gaining 89k to close at N34.89 per share.

Nigerian Breweries followed with a gain of 77k to close at N139.75 and Forte Oil appreciated by 65k to close at N48.62 per share.

FBN Holdings was the most active stock for the day, trading 75.80 million shares worth N541.28 million while Diamond Bank followed with 33.82 million shares valued at N37.64 million, while Stanbic IBTC traded 14.42 million shares worth N613.96 million.

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