NSE Index Drops 0.28%, As Profit-taking Persists

Stock Market Remains In Green, Investors Gain N27bn

 

 

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, June 13 sustained the downward spiral from Monday, as the All Share Index- dropped 0.28 percent to 33,141.85 points.

This drop brought year -to -day return down to 23.42 per cent and decreased market capitalization by N28 billion to N11.461 trillion.

Market breadth, however closed positive with 31 gainers to 28 losers, with May & Baker leading the day’s gainers with an appreciation of 9.94 percent to close at N3.43 per share.

Transcorp followed with an increase of 9.67 percent to close at N6.58 per share while Skye Bank added 9.64 percent and closed the day at N1.82.

On the flip side, Forte Oil topped the day’s losers with a loss of 7.57 percent as the share price closed at N58 per share; Cadbury posted a decline of 7.87 percent to close at N14.40 per share. While Champion breweries, depreciated 4.94 percent to close at N3.27; Learn Africa and Initiates Plc also depreciated 4.94 percent each and both closed at 77 kobo per share respectively.

Nigeria Police Force Micro Finance Bank was up by 7.41 percent to close at 58 kobo per share and Presco increased 6.92 percent to close at N1.39 per share.

At the end of market session, value traded closed at N5.5 billion against N6.1 billion traded previously while volume traded ended at 410.2 million units against 501.1mn units traded on Monday.

 

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here