NSE Index Slides Lower as Guinness Leads Losers

Indicators of the Nigerian Stock Exchange (NSE) closed red again on Wednesday, halting a two-day rally, as profit takers took over, with equities capitalisation falling by N38.256 billion from N12.613 billion it recorded on Tuesday.

The All-Share Index closed at 39.150.30 basis points after it went down by 119.1 points or 0.30 per cent.

Guinness Nigeria led the decliners’ table, losing 685 kobo of Tuesday’s 827 kobo gain; followed by Flour Mills of Nigeria’s 200 kobo; Dangote Cement shed 102 kobo; while PZ Cussons and Stanbic IBTC both dropped 100 kobo; among others.

Seven-UP Bottling Company however led 13 others on the gainers’ table when it grabbed 413 kobo; followed by petroleum marketer, Conoil, which notched 190 kobo; Lafarge Cement WAPCO added 150 kobo; Zenith Bank gained 58 kobo; while Union Bank Nigeria nicked 50 kobo; among others.

Investors exchanged a total of 281.637 million shares, valued at N3.115 billion in 4,506 transactions, as against 347.699 million shares worth N3.701 billion, exchanged in 4,782 transactions on Tuesday, with the financial services sector accounting for a total of 215.397 million shares; valued at N2.017 billion in 2,722 deals as against 276.941 million shares; valued at N2.349 billion in 2,792 deals recorded on Tuesday.


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