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Home Sectors BUSINESS & ECONOMY NSE Index Sheds 0.06% As Highly Capitalised Stocks Crash
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NSE Index Sheds 0.06% As Highly Capitalised Stocks Crash

November 29, 2016
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    Stock Market Dips Further In Face Of More Deals

    Nigerian Stock Exchange, NSE, kicked off trading on Monday, November 28 in the red zone as the lead market indices depreciating took a nosedive.

    As a result, the All-Share Index, which opened at 25,333.39, lost 14.98 points to close at 25,318.41, as some highly capitalised stocks recorded losses.

    The price movement chart showed that Forte Oil topped the decliners’ table with a loss of N3.14 to close at N59.66 per share.

    It was followed by UACN with 85k to close at N16.15 and Total shed 40k to close at N245.45 per share. Zenith Bank shed 30k to close at N13.50 and Stanbic IBTC lost 21k to close at N14.44 per share.

    On the flip side, Mobil Oil led the day’s advancers adding N10.44 to close at N219.41 per share. Guaranty Trust Bank trailed behind with 38k to close at N21.89, while ETI gained 30k to close at N9.80 per share. NASCON gained 13k to close at N7 and Eterna Oil grew by 13k to close at N2.98 per share.

    Meanwhile, Wema Bank accounted for 75.36 million shares valued at N39.19 million. Access Bank traded 22.90 million worth N131.57 million, while Zenith Bank sold 14.78 million worth N199.73 million.

    FCMB Group exchanged 14.29 million shares valued at N15.14 million and FBN Holdings sold 13.51 million worth N41.29 million.

    At the end of trading, investors bought and sold 202.43 million shares valued at N1.62 billion traded in 2,558 deals against 144.16 million shares worth N2.14 billion traded in 2,459 deals in the previous trading session.

     

     

     

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