Unilever leads losers table as equity market sheds N22bn

By Amaka Ifeakandu
Lagos

Unilever Nigeria yesterday led losers table at the nation’s equity market, dropping by N1.70 kobo to close at N48.26 kobo. Dangote Cement followed with a loss of N1.15 kobo to close at N222.65 kobo while Ecobank, International Breweries and GTBank declined by N0.90 kobo, N0.64 kobo and N0.44 kobo respectively to close at N18.1 kobo, N28.36 kobo and N28.51 kobo.
Nestle Nigeria topped gainers chart, growing by N19.90 kobo to close at N1066.90 kobo. Seplat Petroleum Development trailed with a gain of N10.00 to close at N650.00 while Lafarge Wapco appreciated by N3.50 kobo to close at N131.00.

Julius Berger and PZ industries advanced by N3.20 kobo and N1.60 kobo respectively to close at N67.20 kobo and N34.99 kobo.
Results showed that the market capitalisation went down by N22 billion to N13.532 trillion from N13.554 trillion while the All Share Index fell by 65.16 basis points to 40984.12 points from 41049.28 points traded the previous day.
The result further showed that FBNHoldings recorded the highest volume of activities as it traded 62.228 million shares worth N920.821 million, Wapic Insurance sold 52.935 million shares valued at N40.245 million, while Skye Bank exchanged 29.068 million shares cost N79.489 million.

United Bank for Africa traded 25.029 million shares valued at N174.974 million and Transnational Corporation of Nigeria sold 22.207 million shares worth N128.725 million.  Investors for the day bought 344.982 million shares worth N4.139 billion in 4663 deals against 580.256 million shares valued at N4.635 billion in 4358 deals