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NSE Report: All-Share Index Dips Further By 0.29%

Nigerian Stock Exchange NSE

By Modupe Gbadeyanka

Trading activities on the Nigerian Stock Exchange (NSE) continued on a depressed note on Tuesday with the market indices dropping by 0.29 percent.

The all-share index recorded a marginal loss of 0.29% or 79.68 basis points to close at 27,555.31 basis points.

Market capitalisation also recorded a decline on Tuesday with a loss of N27.368 billion to finish at N9.464 trillion.

Yesterday, the market capitalisation fell by N77.639 billion to close at N9.492 trillion.

At the end of trading activities today, Business Post correspondent observed that investors staked N1.617 billion on 154.161 million shares transacted in 2,510 deals.

ETI emerged the most traded equity today with an exchange of 81.646 million shares worth N865.416 million sold in 45 deals, while First Bank Nigeria Holdings transacted 10.577 million shares valued at N31.963 million in 192 deals.

Seplat top the losers’ chart on Tuesday with a drop of N19 to finish at N361 per share, Nestle trailed with a loss of N5.57k to close at N800 per share, while Guinness shed N3.18k to end at N79.11k per share.

UACN lost N1 to finish at N19.40k per share and GlaxoSmithKline declined by 87k to close at N16.61k per share.

However, Total led the gainers’ table after growing by N14.47k to close at N303.97k per share, Beta Glass added by N1 to end at N31 per share, Nigerian Breweries gained 95k to finish at N145 per share, PZ appreciated by 40k to close at N18.40k per share, while Okomu Oil chalked up 39k to finish at N40.50k per share.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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