NSE Market Indices Record Further Depreciation

The trading indicators of the Nigerian Stock Exchange (NSE) on Tuesday recorded further depreciation by 0.79 per cent due to price losses by some blue chips.

The News Agency of Nigeria (NAN) reports that the All-Share Index declined by 234.86 points or 0.79 per cent to close at 29,125.69 as against 29,360.55 achieved on Monday.

Similarly, the market capitalisation, which opened at N9.796 trillion, lost N78 billion to close at N9.718 trillion.

An analysis of the price movement chart indicated that Forte Oil led the losers’ chart with a loss of N11.02 to close at N209.48 per share.

The Nigerian Breweries came second with N2.72 to close at N132, while Betaglas lost N1.32 to close at N28.6 per share.

International Breweries dipped by N1.02 to close at N.19.41, while GTBank dropped N1.01 to close at N19.29 per share.

Conversely, ETI topped the gainers’ chart by 5k to close at N17 per share.

Dangote Sugar gained 27k to close at N7.15, while Honey Flour rose by 14k to close at N3.28 per share.

Transexpress increased by 04k to close at 95k, while Sterling Bank improved by 2k to close at N2.35 per share.

NAN reports that FBN Holdings emerged the most traded stock, accounting for 71.34 million shares worth N499.35 million.

GTBank recorded a turnover of 51.41million shares valued N1.02 billion, while Access Bank sold 48.90 million shares valued N293.31 million.

In all, a total of 320.795 million shares worth N4.14 billion were traded by investors in 4,116 deals.

This is against the 364.472 million shares valued at N6.03 billion traded in 3,782 deals on Monday.