Stock market report: Market indices dip

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday showed that the market capitalisation, which opened at N13.750 trillion, lost N137 billion to close at N13.613 trillion.

Also, the All-Share Index lost 413.90 points or 0.99 per cent to close at 41,228.65 from the previous 41,642.55 ended on Wednesday.

A total of 340.5 million shares worth N3.711 billion were traded in 5,339 deals, against 468.9 million shares valued at N3.84 billion exchanged in 5,345 deals on Wednesday.

Conoil topped the price gainers’ chart with N6.13 to close at N65.98 per share.

PZ came second, adding N1.56 to close at N38, while Guinness gained N1 to close at N180.00 per share.

Conversely, Nigerian Breweries topped the price losers’ chart with N8.89 to close at N170.11 per share.

Dangote Cement followed with a loss of N5.75 to close at N224.25, while Flourmill dipped by N1 to close at N77.00 per share.

Wapic was the toast of investors, trading 72.7 Million shares worth N56 million.

UBA sold 40.469 million shares valued at N327.99 million, while ACCESS sold 37.37 million shares worth N370.288 million.