Nestle leads losers table as equity market sheds N75bn

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By Amaka Ifeakandu

Lagos

Nestle Nigeria Plc recorded the highest loss for the day, declining by N72.20 kobo to close at N1372.80 kobo, Nigerian Breweries trailed with a loss of N4.60 kobo to close at N137.40 kobo, Stanbic IBTC down by N0.30 kobo to close at N45.05 kobo, FCMB group fell by N0.20 kobo to close at N12.55 kobo, Union Bank of Nigeria depreciated by N0.20 kobo to close at N8. 25 kobo.
Conversely, Forte Oil led gainers table during the day, growing by N2.25 kobo to close at N48.20 kobo, International Breweries followed with a gain of N1.50 kobo to close at N59.00, Dangote Cement industries appreciated by N1.00 to N265.00, Flour Mills Nigeria Plc added N0.80 kobo to close at N33.00, Cadbury grew by N0.65 kobo to close at N15.50kobo.
The trading result showed that market capitalisation of listed equities declined by N75 billion or 0 48 per cent to N15.548 trillion from N15.623 trillion reported in the previous day. The NSE All Share Index also declined by 211.27 basis points to 43326.89 against 43538.16 recorded on Wednesday.
Investors traded a turnover of 2.220 billion shares worth N7.495 billion in 5468 deals against 508.299 million shares valued at N4.570 billion exchanged hands the previous day in 6155 deals.
Further analysis showed that Sterling Bank Plc was the most active stock for the day, trading 1.745 billion shares worth N3.839 billion, Skye Bank followed with account of 111.239 million shares cost N113.657 million, United Bank for Africa exchanged 43.001 million shares valued at N531.369 million, Jaiz Bank Plc traded 32.607 million shares worth N33.743 million while FCMB group accounted for 32.506 million shares cost N88.951 million.


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