NSE Index Sheds 0.06% As Equities Groan Under Bear Pressure

Equities trading on the floor of the Nigerian Stock Exchange, NSE, continued movement south on Wednesday, May 11, as the All-Share Index dropped 15.94 points or 0.06 per cent to close at 25,630.62 points compared with 25,646.56 posted on Tuesday.

The Market Capitalization lost N2 billion to close at N8.82 trillion against N8.81 trillion recorded on Tuesday.

Total led the losers’ table with a loss of N1.59 to close at N150.41 per share. Dangote Cement lost N1.31 to close at N162.52 per share and Flour Mill dipped N1.23 to close at N23.76 per share.

Lafarge Wapco dropped 50k to close at N69 per share and UPL shed 27k to close at N5.15 per share.

Conversely, Conoil recorded the highest price gain to lead the gainers’ chart with 83k to close at N18.10 per share.
Union Dicon garnered 61k to close at N12.90 per share and Nigerian Breweries chalked up 49k to close at N118 per share. Tiger Brands gained 46k to close at N5.05 per share and GT Bank rose by 34k to close at N18.35 per share. (NAN)

The overall market position again closed negative yesterday. The ASI declined from 25,646.56 points to close at 25,630.52 points. Aggregate market capitalization of all quoted equities also dropped marginally from N8.822 trillion to close at N8.820 trillion.