Market Cap drops by N85bn to end positive run

Market capitalisation at the Nigerian Stock Exchange (NSE) on Thursday dipped by N85 billion to close at N13.779 trillion, compared with the opening capitalisation of N13.864 trillion, ending the market’s four-day positive run.

The All-Share Index also fell by 257.96 points or 0.61 per cent to close at 41,729.59 points, as against the 41,987.55 points recorded on Wednesday.

Guinness led the gainers’ table, adding N9.01 to close at N189.21 per share.

7UP followed with a gain of N2 to close at N93, while UACN grew by N1.10 to close at N61.30 per share.

Flour Mill also improved by N1 to close at N78, while PZ Cussons appreciated by 60k to close at N35 per share.

On the other hand, Forte Oil recorded the highest price loss, shedding N24.37 to close at N225.64 per share.

Oando trailed with a loss of N2.95 to close at N27.43, while Nigerian Breweries dipped by N1.98 to close at N170.02 per share.

Lafarge Wapco also lost N1 to close at N111, while Mobil depreciated by 55k to close at N131 per share.

In all, investors staked N3.42 billion on 411.480 million shares in 6,040 deals, a growth of 57.95 per cent from

Wednesday’s trading where investors bought 978.542 million shares worth N8.49 billion traded in 5,983 deals.

Transcorp remained the most active stock, accounting for 89.50 million shares worth N427.43 million in 683 deals.

Resortsal came second with 40 million shares valued at N20 million transacted by investors in two deals, while

Japauloil sold 30.42 million shares worth N20.60 million in 242 deals.

Wapic Insurance accounted for 23.06 million shares valued at N17.68 million in 87 deals, while Oando Oil traded 22.74 million shares worth at N631.73 million, exchanged by investors in 807 deals.