06 Nov NSE depreciates by N6 billion to N16.068 trillion
Market capitalisation of the Nigerian Stock Exchange (NSE) depreciated on Thursday by N6 billion to N16.068 trillion from N16.062 trillion reported the previous day.
The All -Share Index also fell by 2.96 basis points to 30738.92 points from 30741.88 points recorded on Wednesday. The downturn was caused by losses recorded in medium and large capital stocks, amongst which were Flour Mills of Nigeria, International Breweries, Fidson Healthcare, Union Bank of Nigeria (UBN), and GlaxoSmithKline Consumer Nigeria.
Market breadth was positive, with 18 gainers versus 17 losers. Transnational Corporation of Nigeria (Transcorp) recorded the highest price gain of 9.86 per cent to close at 78 kobo per share.
On the other hand, Linkage Assurance led the losers’ chart by 8.89 per cent to close at 41 kobo per share. Associated Bus Company followed with 8.82 per cent to close at 31 kobo, while Consolidated Hallmark Insurance lost 8.11 per cent to close at 34 kobo, per share.
Total volume traded appreciated by 50.16 per cent to 430.121 million shares worth N6.619 billion, traded in 4,319 deals. Transactions in the shares of FBN Holdings topped the activity chart with 61.493 million shares valued at N390.604 million.
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