NSE: Stock market dips by 192.93 basis points

By Amaka Ifeakandu
Lagos

Trading activities on the floor of Nigerian Stock Exchange NSE continued in declining profile, dropping by 192.93 bassis points.
Specifically, the NSE All Share Index decreased by 0.62 per cent to 30614.81 points from 30807.54 points. Also the market capitalisation of listed  equities dropped by N66 billion to N10.493 trillion from N10.559 trillion traded on Monday.

Investors traded 536.827 million shares valued at N4.911 billion in 3458 deals against 182.174 million shares worth N2.294 billion exchanged hands the previous day in 3557 deals. A review of the transactions showed that Total Nigeria Plc led gainers tablen growing by N1.00 to close at N163.00, Forte Oil followed with a gain N0.50 kobo to close at N184.50 kobo, Nigerian Breweries increased by N0.22 kobo to close at N123.02 kobo, UAC of Nigeria N0.10 kobo to close at N41.50 kobo and NASCOn N0.08 kobo to close at N6.70 kobo.

On the contrary, 7UP Bottling Company recorded the highest loss for day, shedding N3.10 kobo to close at N182.00, Guinness Nigeria Plc trailed with a loss of N2.90 kobo to close at N138.60 kobo, Glaxosmith fell by N1.50 kobo to close at N42.00, Flour Mills Nigeria Plc decclined by N0.99 kobo to lose at N28.00 and Oando went down by N0.60 kob to close at N12.96 kobo. Further anlysis showed that Oando recorded the highest volume of actiities, trading 169.171 million shares worth N2.781 million, Access Bank followed with account of 135.109 million shares valued at N663.815 million.
Chams sold 104.702 million shares cost N52.351 million. Zenith International Bank traded 31.823 million shares worth N554.231 million and. Fidson exchanged 13.675 million shares valued at N44.984 million.