NSE: Equity market dips by N67bn

Trading activities on the floor of Nigerian Stock Exchange Wednesday remained volatile, shedding N67 billion.

Specifically, market capitalisation of listed equities declined by 0.59 per cent to N11.236 trillion from N11.303 trillion reported on Tuesday.

The NSE All Share Index dropped by 177.69 basis points to 29898.30 points from 30076.00 reported the previous day.

Investors bought 304.862 million shares worth N2.630 million in 3902 deals against 316.117 million shares valued at N3.645 billion exchanged hands the previous day in 3888 deals.

A review of the transactions showed that Dangote Flour Mills Nigeria Plc led gainers table, appreciating N1.15 kobo to close at N12.90 kobo , Dangote Sugar Refinery Plc followed with a gain of N0.45 kobo to close at N14.70 kobo, zenith Bank Plc gained N0.45 kobo to close at N21.35 kobo, Fidson Healthcare Plc added N0.40 kobo to close at N4.55 kobo while Bocgas increased by N0.37 kobo to close at N4.16 kobo.

On the contrary, Nestle Nigeria Plc recorded the highest loss during the day, declining by N30.00 to close at N1550.00, Seplat Petroleum Development trailed with a loss of N25.00 to close at N545.00, Mobil Plc down by N4.90 kobo to close at N175.00, Conoil Plc dropped by N2.20 kobo to close at N20.80 kobo while International Breweries sheds N2.00 to close at N21.00.

The result further showed that Japaul oil was the most active stock during the day, exchanging 92.303 million shares worth N20.815 million, Access Bank Plc followed with account of 27.473 million shares cost N190.680 million, United Bank for Africa traded 25.893 million shares worth N180.943 million, Zenith Bank Plc exchanged 25.772 million shares valued at N543.573 million while UAC of Nigeria traded 16.611 million shares cost N116.127 million.

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