By Amaka Ifeakandu
Lagos
Transactions at the nation’s stock market yesterday sustained down ward trend as the market capitalisation of listed equities shed N73 billion. The NSE trading result showed that value of equities went down by 0.61 per cent to N11.758 trillion from N11.831 trillion recorded the previous day.
Also the NSE All Share Index dropped by 213 basis points to 34507.85 points from 34721.61 traded on Monday. Investors traded 354.451 million shares worth N3.289 billion in 5668 deals against 395.164 million shares valued at N2.696 billion exchanged hands in 4497 deals.
The Forte Oil recorded the highest loss, dropping by N6.90 kobo to close at N193.10 kobo. Guinness Nigeria Plc trailed with a loss of N6.01 kobo to close at N161.99 kobo while Nigerian Breweries fell by N3.82 kobo to close N157.02 kobo. Other companies depreciated in price were Cadbury Nigeria Plc and Unilever Nigeria Plc which declined by N1.81 kobo and N1.64 kobo respectively to close at N39.20 kobo and N40.01 kobo.
On the contrary, Nestle Nigeria Plc led gainers table during the day, appreciating by N7.00 to close at N947.00, 7UP Bottling Nigeria Plc followed with a gain of N6.90 kobo to close at N170.00, PZ Cussons gained N1.35 kobo to close at N28.35 kobo. Flour Mills Nigeria Plc. Increased by N0.72 kobo to close at N36.42 kobo while Oando Plc grew by N0.34 kobo to close at N19.07 kobo.
Further analysis of the investment showed that FBNHoldings was recorded the highest volume of activities for the day, exchanging 48.581million shares worth N496.397 million in 705 deals, United Bank for Africa followed with account 41.144 million shares valued at N211.136 million in 383 deals, Access Bank Plc traded 37.471 million shares valued at N254.614 million in 423 deals.
Transnational Corporation of Nigeria 34.777 million shares worth N109.163 million in 230 deals and Zenith International Bank traded 31.079 million shares cost N720.889 million in 264 deals.