NSE: NASCON leads losers table as market sheds N5bn

By Amaka Ifeakandu
Lagos

National Salt Company of Nigeria (NASCON) yesterday recorded the highest loss at the nation’s equity market, dropping by N0.65 kobo to close at N12.65 kobo. FBN Holdings trailed with a loss of N0.27 kobo to close at N12.90 kobo while MRS Oil declined by 0.23 kobo to close at N51.49 kobo.
Other stocks that depreciated in price were PZ Industries and CAP which loss N0.20 kobo and N0.19 kobo respectively to close at N35.30 kobo and N38.51 kobo.

On the contrary, Nigerian Breweries led the gainers table, appreciating by N1.45 kobo to close at N164.50 kobo. Guinness Nigeria followed with a gain of N1.00 to close at N181.00, while Flour Mills Nigeria appreciated by N1.00 to close at N69.00.

Nestle Nigeria gained N0.99 kobo to close at N1076.00 and Unilever Nigeria advanced by N0.38 kobo to close at N49.75 kobo.
The trading result for the day showed that the market capitalisation of listed equities depreciated by N5 billion to N12.848 trillion from N12.853 trillion recorded last week Friday. Similarly, the NSE All Share Index went down by 15.30 basis points to 39007.40 from 39022.10 recorded previously.

An analysis of the investment showed that Access Bank was the most active stock during day, exchanging 36.191 million shares worth N344.960 million, Zenith International Bank followed with account of 29.680 million valued at N686.778 million while FBN Holdings traded 14.432 million share cost N190.624 million.

Fidelity Bank took fourth position, exchanging 13.013 million shares worth N26.743 million and Universal Insurance sold 12.782 million shares valued at N6.391 million.
In all investors exchanged a turnover of 206.692 million shares valued at N2.732 billion in 4406 deals against 443.222 million shares worth N3.762 billion in 4571 deals.