Bear Sentiment Sets In As NSE Index Drops 0.55%

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed on Tuesday, January 26 on a negative note as the All Share Index lost 0.55 per cent to close at 23,832.03 points from 23,963.64 on Monday, January 25.

Similarly, market capitalisation also plunged from N8.242 trillion to N8.196 trillion.

The market recorded 25 gainers today led by Cadbury with a gain of N1.34 or 9.19 per cent to N15.92 followed by AG Levent with a gain of N0.03 or 5.00 per cent to close at N0.63 while SEPLAT gained N6.34 or 3.85 per cent to close at N170.88 per share.

On the other hand, Caverton topped 29 stocks on the losers’ chart with N0.19 loss or 8.48 per cent to close at N2.05 followed by Glaxosmith that lost 1.40 or 5.00 per cent to close at N26.60 per share, and Unilever that lost N2.05 or 4.99 per cent to close at N39.04 per share.

All together, a total of 142,851,380 shares worth N1.644 billion exchange hands in 3,298 deals.

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