Stock Market Index Drops 0.01% As Trading Remains in Red Zone 

Trading activities on the floor of the Nigerian Stock Exchange, NSE, closed Wednesday, April 13, with a loss of 0.01%, compared with 0.04% loss of Tuesday, April 12.

The All-Share Index shed 1.57 points to close at 24,637.91 points compared to a decline of 9.36 points recorded on Tuesday to close at 24,639.48 points.

Likewise Market Capitalization closed at N8.474 trillion from N8.475 trillion recorded previously due to efforts by investors who exchanged a total 162.5 million shares worth N1.025 billion in 3,079 deals.

Nestle Nigeria Plc topped the day’s price losers with a decline of N30 to close at N645 per share, Mobil Plc followed with a loss N11.99 to close at N150 per share. Betaglas Plc also reduced by N2.27 to close at N43.23 while Okomuoil Plc fell by N1.21 to close at N30.04 per share. Flourmill Plc. likewise recorded a 29 kobo decrease in its share price to close at N20 per share.

Topping the day’s price gainers were Nigerian Breweries which led with a gain of N1.99 to close at N106.99 per share, followed by Guaranty (GTB) which increased by 62 kobo to close at N14.83 per share. Crop producer, PRESCO Plc also advanced by 41 kobo to close at N35.01 per share, while Oando Plc followed increased by 26 kobo to close at N4.52 per share, Access Bank Plc also added 15 kobo to close at N3.71 per share.