NSE: Index down by 2.64%



Nigeria’s equities market resumed yesterday on a negative note on the Lagos floor of the Nigerian Stock Exchange (NSE) as lead indicators fell by 2.64 per cent.

According to market analysts, the drop was as a result of profit taking and cautious trading amid uncertainties across global markets over Britain’s vote to exit the European Union (BREXIT).
The NSE All Share Index (ASI) for instance depreciated by 809.43 points to close at 29,840.23, showing 1.36 per cent decline from the 30,649.66 basis points recorded last Friday.

On the other hand, Fidson Healthcare sustained its price rally on the back drop of the newly completed

WHO compliant facility set to create jobs, as it gained 9.91 per cent or 22 kobo to close at N2.44. It was followed by Julius Berger Plc, which added 5.00 per cent or N2.20 to close at N46.20 per share, while GSK Plc gained 4.97 percent or N1.10 to close at N23.22 per share. Meanwhile UCAP Plc led the day’s decliners with a loss of 7.94 per cent or 20 kobo to close at N2.32 per share, followed by Zenith Bank Plc, which lost 6.12 per cent or N1.04 kobo to close at N15.96 per share, while Stanbic IBTC Plc dropped 5 per cent or 85 kobo to close at N16.15 per share.

At the end of the day’s trading session, 375.2 million shares worth N4.03 billion were traded in 4,229 deals against 444.5 million shares worth N3.7 billion exchanged in 5,565 deals previously, bringing market capitalisation to N10.248 trillion against N10.526 trillion recorded last Friday.

Tom Lori Published by Tom Lori

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