Home Business Profit taking: NSE market capitalisation down by N55bn

Profit taking: NSE market capitalisation down by N55bn


Trading on the Nigerian Stock Exchange (NSE) on Thursday ended on a negative trend with the market capitalisation shedding N55 billion due to profit taking.

The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N9.687 trillion lost N55 billion or 0.57 per cent to close at N9.632 trillion.

Also, the All-Share lost 161.66 points or 0.57 per cent to close at 28,046.96 to close at 28,208.62.
Nigerian Breweries topped the losers’ chart, dropping by N1.21 to close at N138.71 per share.
Flour Mills trailed with a loss of 87k to close at N21.14 and Zenith Bank shed 49k to close at N16.31 per share.
Berger Paint declined by 40k to close at N7.63, while Ecobank Transnational Incorporated lost 35k to close at N12.93 per share.
On the other hand, MRS led the gainers’ table, growing by N3.59 to close at N38.78 per share.
UACN came second with a gain of 22k to close at N20.73 and Guinness appreciated by 20k to close at N94.20 per share.
Pharm Deko increased by 8k to close at N1.73, while Guaranty Trust Bank appreciated by 3k to close at N23.50 per share.
FBN Holdings emerged the toast of investors’, trading 86.19 million shares worth N289.79 million.
GT Bank followed with an exchange of 38.61 million shares valued at N902.11 million and Skye Bank traded 22.81 million shares worth N16.20 million.
Zenith Bank exchanged 21.86 million shares valued at N361.73 million, while United Bank for Africa sold 14.54 million shares worth N64.44 million.
In all, investors’ bought and sold 270.72 million shares valued at N2.25 billion transacted in 4,609 deals.
This was in contrast with a total of 488.89 million shares worth N4.85 billion achieved in 4,713 deals on Wednesday.