NSE Index Sheds 0.28% on Intense Profit-taking

Stock Market Remains In Green, Investors Gain N27bn

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, December 6, reversed the brief break recorded on the bourse on Monday, December 5.

As a result of profit taking in high capitalised stocks, the bourse dipped by 0.28 percent as the All Share Index (NSEASI) closed at 25,671.23 in contrast to 25,743.03 points, recorded in the previous session.

 

Diamond Bank topped the losers’ chart depreciating by 5.49 percent to close at 86 kobo per share, Guinness Nigeria lost 4.99 percent to close at N76.32 per share and Caverton 4.26 percent to close at 90 kobo per share.

Sterling Bank dropped 4.11 percent to close at 70 kobo per share, and Wema Bank fell 3.64 percent to close at 53 kobo per share.

Total and Forte Oil led the day’s gainers with a growth of 10.24 and 10.23 percent to close at N304.44 and N79.30 per share respectively.Portland Paints that added 9.47 percent to close at N2.08 per share, Transcorp grew by 7.89 percent to close at 82 kobo per share and Nascon Allied Industries improved by 4.51 percent to close at N6.95 per share.

Diamond Bank emerged the most traded stock with 66.6 million shares valued at N57.8 million, FCMB followed with 26.2 million units of shares worth N26.2 million while Guaranty Trust Bank came third with the sale of 13.9 million shares worth N320.4 million.

FBN Holdings traded 13.4 million shares worth N44.4 million and NEM sold approximately 12.4 million shares at N8.8 million.

At the end of market session, investors traded in 2,894 deals, a total of 189.4 million units of shares valued at N2.5 billion compared to 175.1 million units of shares valued at N3.1 billion traded in 3048 deals on Monday.

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