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Home Sectors BUSINESS & ECONOMY NSE Index Drops 0.72% As Bullish Momentum Fades
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NSE Index Drops 0.72% As Bullish Momentum Fades

July 1, 2016
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    Transactions on the floor of the Nigerian Stock Exchange, NSE, closed red on Thursday, June 30 with a loss of 0.72 percent as the All Share Index dropped by 225.12 points to close at 29,597.79 points.

    This is in comparison with a gain of 0.80 percent recorded on Wednesday, June 29, when the market lead indicator, the All Share Index settled at 29,812.91 basis points.

    Seplat Petroleum Development Company Plc topped the day’s losers with a decline of N10 to close at N330 per share. Forte Oil Plc shaved N3.69 to close at N190.34 per share, Nigerian Breweries Plc closed at N138 as it lost N2.01, while Dangote Cement Plc also depreciated by N2 to close at N192 per share and Eco Transnational Incorporated Plc dropped 51 kobo to close at N16 per share.

    Conversely, Guinness Nigeria Plc led the gainers chart with an advancement of N2.85 to close at N109.25 per share. Conoil Plc followed with a gain of N1.1 to close at N23.1 per share, Union Dicon Salt Plc added 78 kobo to close at N16.53 per share, while Berger Paints Plc and Oando Plc appreciated by 38 kobo and 3 kobo each to close at N8.05 and N6.5 per share respectively.

    Guaranty Trust Bank was most active in boosting turnover, in volume terms, as it staked 66.3 million shares, worth N1.5 billion, followed by Eco Transnational Incorporated Plc that traded 41.7 million shares, worth N666.6 million while AIICO Insurance Plc exchanged 36.2 million shares valued at N25.1 million.

    Total volume of shares traded stood at 342.6 million and were exchanged for N4.7 billion in 4,079 deals, compared to 305.8 million shares worth N2.9 billion exchanged in 4,640 deals on Wednesday.

     

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