NSE index dips further by 186.20 basis points



Trading activities on the floor of the Nigerian Stock Exchange( NSE) sustained declining profile following losses recorded by highly capitalised company. The market capitalisation for the day dropped by N60 billion to N13.103 trillion from N13.163 trillion recorded on Tuesday.
Similarly, the NSE All Share Index went down by 186.20 basis point to 40,878. 71 points from 41064.91 traded the previous day. An analysis of transactions showed that Guinness Nigeria Plc led losers chart shedding N2.96 kobo to close at N219.00, Dangote Cement followed with a loss of N2.50 kobo to close at N238.00 while Conoil Plc, Nigerian Breweries and  Presco Plc depreciated by N1.99 kobo, N1.55 kobo and N1.43 kobo respectively to close N50.00, N155.41 kobo and N43.50 kobo.
Conversely, Total Nigeria Plc topped gainers table, enhancinh by N4.50 kobo to close at N175.00, Forte Oil followed with a gain of N2.81 kobo to close at N102.21 kobo while Larfarge Wapco appreciated by N0.90 kobo to close at N108.90 kobo. Other stocks appreciated in price were Berger Painy and Okomu oil which grew by N0.42 kobo and N0.40 kobo respectively  to close at N9.92 kobo and N41.00.
Further analysis indicated that financial service traded highest volume of stocks, exchanging 158.409 million shares worth N2.019 billion in 2382 deals. Banking sub sector was the most active in the sector with account of 99.525 million shares valued at N1.561 billion in 1425 deals.                                        FBN Holdings was investors delight in the banking sub sector with a record of 28.443 million shares cost N412.669 million in 469 deals, followed with Zenith Bank which traded 25.855 million shares worth N594.575 million exchanged  in 266 deals.
Conglomerates sector followed in activity chart with account of 20.633 shares valued at N93.930 million in 379 deals. Transnational Corporation of Nigeria boosted activities in the sector accounting for 20.504 million shares worth N85.205 million in 329 deals.
In all investors traded 251.068 million shares worth N7.286 billion in 5200 against 407.798 million shares valued at N4.453 billion traded in 5846 deals.

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