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NSE Index Falls By 0.21% As Total, Forte Oil Lead Losers

nse-index-falls

By Modupe Gbadeyanka

The Nigerian Stock Exchanged (NSE) finished in red today, making it the fourth consecutive time this week it is closing in the negative.

The number of shares traded at the market on Thursday also dropped compared to the previous day, likewise the number of deals and worth of the stocks sold today.

Investors staked N1.19 billion on 161.6 million shares in 2,086 deals against N1.35 billion made yesterday from 145.7 million shares in 2,421 deals.

Also, the market capitalisation recorded a loss of N18.4 billion to keep it at N8.81 trillion at the close of activities, while the all-share index shed 53.35 points or by 0.21 percent to finish at 25,599.79 points.

Total topped the losers’ chat on Thursday after it shed N13.97k to close at N276.3k per share, Forte Oil lost N4.35k to finish at N82.67k per share, CAP Plc went down by N1.68k to end at N32.7k per share, GlaxoSmithKline depreciated by 71k to close at N13.54k per share, while Cadbury fell by 52k to finish at N10.5k per share.

At the other side, NASCON appreciated by 37k to lead the gainers’ table and finish at N7.88k per share. ETI improved by 29k to close at N10 per share, Nigerian Breweries rose by 16k to end at N141.19k per share, Access Bank grew by 10k to finish at N5.50k per share and Oando gained 8k to close at N3.78k per share.

GTBank and Standard Trust Assurance Plc (STACO) emerged the two most traded equities at the stock market on Thursday.

While GTBank sold 29.17 million shares at N627.3 million with a share value of N21.40k, STACO traded 25.7 million units valued at N12.8 million with a share price of 50k.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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