NSE Index Sheds 0.04% As Bear Dominates for Fourth Consecutive Day

Equities trading on the floor of the Nigerian Stock Exchange, NSE, closed in a negative note Tuesday, April 12, as benchmark indices plunged by 0.04% for the 4th consecutive trading session.

The NSE All-Share Index depreciated by 9.36 points to close at 24,639.48 points.

Similarly,  the Market Capitalization lost N3.2 billion of investors’ funds to close at N8.475 trillion compared to N233.64 billion lost previously to close at to N8.478 trillion.

However seven of the sectoral indices led by the banking index ( 0.78%) closed positively, while the NSE main board index, Lotus Islamic Index and the NSE Industrial Index closed south (-0.07%,-0.18%,-0.31%) respectively.

Fidson Health Care Plc led the day’s 18 losers with a decline of 9.43 per cent or 20 kobo to close at N1.92 per share followed by Flourmills Plc which fell by 5.32 per cent or N1.14 to close at 20.29 per share, while Union Bank of Nigeria Plc dropped 4.94 per cent or 25 kobo to close at N4.81 per share.

On the other hand, E-tranzact Plc topped the day’s 19 gainers with a 9.86 per cent or 35 kobo increase to close at N3.9 per share followed by Oando Plc which gained 4.93 per cent or 20 kobo to close at N4.26 per share, while Portland Paints Plc appreciated by 4.73 per cent or 13 kobo to close at N2.88 per share.

In all, investors on the floor of the Nigerian Stock Exchange traded in 3,440 deals a total of 6.956 billion shares valued at N7.158 billion compared to 225.3 million shares valued at N750.23 million exchanged in 3,058 deals previously.


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