Market index continues slide, dips 0.43%

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trading-floor-400x300The All-Share Index on the Nigerian Stock Exchange (NSE) on Wednesday depreciated by 174.79 points or 0.43 per cent to close at 40,278.82 against 40,453.61 recorded on Tuesday.

Similarly, the market capitalisation, which opened at N12.967 trillion, declined by N56 billion or 0.43 per cent to close at N12.911 trillion.

The volume of shares traded rose by 3.45 per cent as investors staked N5.92 billion on 354.886 million shares in 5,091 deals.

This was in contrast to the 343.049 million shares worth N4.37 billion traded in 5,546 deals on Tuesday.

Nigerian Breweries share price dropped by N2.20 to close at N150, while PZ lost N1.69 to close at N36.31 per share. ConOil depreciated by 98k to close at N50.

7Up topped the price gainers’ chart by N7.67 to close at N82.64 per share.

Mobil gained N3 to close at N125, while UAC- Property grew by N1.06 to close at N21.05 per share.

Lafarge Wapco appreciated by 90k to close at N108.90, while Transexpr share price rose by 23k to close at N2.55.

The Financial Services Sector remained investors’ delight as Wema Bank emerged as the most traded stock, accounting for 65.12 million shares valued at N62.89 million.

GTBank followed with 34.91 million shares worth N957.11 million, while Zenith Bank sold 28.99 million shares valued at N606.85 million.

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