Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday continued declining trend following loses recorded by some bluechip companies.
The market capitalisation of listed equities went down by N145 billion to N12.680 trillion from N12.825 trillion traded the previous day. Also the NSE All Share Index fell by 437.59 basis points to 38286.56 points from 38724.15 recorded on Monday.
An analysis of the investment showed that Nigerian Breweries led the losers table, shedding N4.91 kobo to close at N162.09 kobo, Guinness Nigeria Plc trailed with a loss of N4.64 kobo to close at N171.86 kobo while Lafarge Wapco, Union Home REIT and Forte Oil dropped by N2.40 kobo, N2.37 kobo and N1.70 kobo respectively to close at N112.60 kobo, N45.22 kobo and N217.00. On the contrary, Mobil Oil topped gainers chart, growing by N9.48 kobo to close at N170.98 kobo, 7UP Bottling Company Nigeria Plc followed with a gain of N8.97 kobo to close at N188.52 kobo while Cap Plc gained N1.50 kobo to close at N42.50 kobo.
Other companies that appreciated in price were Oando and Ecobank Transnational Incorporated which increased by N0.38 kobo and N0.10 kobo respectively to close N23.90 kobo and N18.60 kobo.
The trading result showed that Multiverse recorded the highest volume of activities for the day, exchanging 200.0 million shares worth N100.0 million, Transnational Corporation of Nigeria (Transcorp) followed with 25.267 million shares worth N122.265 million while FBN Holdings sold 23.074 million shares worth N277.782 million.
Hallmark Insurance sold 20.00 million shares valued at N10.0 million and United Bank for Africa (UBA) traded 18.636 million shares cost N99.240 million. In all investors bought 398.894 million shares valued at N2.803 billion in 4579 deals against 241.691 million shares worth N3.871 billion exchanged by investors the previoud day in 4434 deals.