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BUSINESS & ECONOMYCapital MarketCOVER

Market Activities Relapse as NSE Index Sheds 2.01%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, reclined from a five consecutive day gaining streak on Friday, October 2, closing the week on a negative note.

All Share Index shed 2.01 per cent to close at 30,588.41 points as against 1.3 per cent gained previously to close at 31,217.77 points.

Similarly, Market Capitalization also lost N216.3 billion to close at N10.5 trillion as against N135 billion gained previously to close at N10.73 trillion.

Honeywell Flour Plc, led 22 equity gainers for the second consecutive session with an 8.21 per cent or 22 kobo gain to close at N2.90 per share followed by Forte Oil Plc which added 4.76 per cent or 11 kobo to close at N259.80 per share while Cutix Plc increased 4.40 per cent or 7 kobo to close at N1.66 per share.

Union Bank Nigeria Plc leaped 4.24 per cent or 25 kobo to close at N6.14 per share while Vono Products Plc increased 4.21 per cent or 4 kobo to close at 99 kobo per share.

On the other hand, Trans-nationwide Express Plc led 17 equity losers as it decreased 7.44 per cent or 9 kobo to close at N1.12 followed by Dangote Cement Plc which depreciated 4.99 per cent or N8.99 to close at N171 per share, while Neimeth Plc declined 4.90 per cent or 5 kobo to close at 97 kobo per share.

Portland Paints Plc lost 4.88 per cent or 20 kobo to close at N3.90 per share, Nigerian Breweries also dropped 4.76 per cent or N7 to close at N140 per share.

In all, investors on the floor of the Exchange traded a total of N274.96 million shares valued at N3.13 billion in 3,247 deals as against N416.97 million shares worth N5.24 billion in 3,603 deals exchanged previously.

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Comments (5)

  1. NEW POST: Market Activities Relapse as #NSE Index Sheds 2.01% http://t.co/XiPFmCTRVQ http://t.co/Ppgvj3ueNb

  2. RT @SmileyEvents_: Market Activities Relapse as NSE Index Sheds 2.01% http://t.co/VYFAp1XvIN http://t.co/b5cAamHE5u

  3. […] activities on the floor of the  Nigerian Stock Exchange, NSE, resumed the week in the red zone as All Share Index decreased 0.59 per cent to close at […]

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