Bad day at the Nigerian Stock Exchange again

Reports from the trading floor of the Nigerian Stock Exchange (NSE) on Tuesday show that market indices ended poorly for the second day running.

The All-Share Index depreciated by 313.70 points or 0.76 per cent to close at 41,135.70 against the 41,449.51 achieved on Monday.

Similarly, the market capitalisation dropped by N104 billion or 0.76 per cent, to close at N13.582 trillion, from the N13.686 trillion posted on Monday.

MRS recorded the highest price gain of N3.36 to close at N51.36 per share.

It was followed by Oando Oil, which gained N2.15 to close at N23.15, while Dangote Cement appreciated by N2 to close at N229 per share.

Unilever chalked up 70k to close at N50, while Caverton rose by 41k to close at N5.89 per share.

Conversely, Nestle led the losers’ chart by N10, to close at N1,060 per share.

Nigerian Breweries trailed with a loss of N8.58 to close at N164.42, while ConOil dropped N7.08 to close at N65.65 per share.

GTBank depreciated by N1.40 to close at N30.20 and ETI dipped by N1.05 to close at N14.82 per share.

Custodyins emerged the most traded equity, accounting for 56.12 million shares valued at N199.22 million.

Mansard Insurance came second on the activity chart with 21.52 million shares worth N55.97 million, while Transcorp accounted for 20.49 million shares valued at N92.84 million.

Oando Oil traded 20.34 million shares worth N467.52 million, while Zenith Bank exchanged a total of 17.46 million shares valued at N436.12 million.

Investors staked N4.06 billion on 313.087 million shares in 5,066 deals representing a 71.95 per cent increase over the 182.084 million shares worth N1.96 billion, traded in 4,517 deals on Monday.