Equities market down by 0.05%

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The Equities market relapsed on Tuesday from previous trading day’s gains as the Nigerian Stock Exchange All Share Index (NSE ASI) down by 14.3 basis points or 0.05 per cent to close at 28,248.86 basis points compared to 28,263.16 basis points it closed Monday..

Presco Plc led the list of declining stocks as its share price fell N4 to close at N41 per share, Conoil Plc followed with a decline of N3 to close at N36 per share, 7up Plc dropped N2.05 to close at N142.5 per share, Ashaka Cement Plc decreased N1.93 to close at N18.02 per share and Forte Oil Plc recorded a depreciation of 85 kobo to close at N160.15 per share.

Consequently, Market capitalisation closed the day at N9.704 trillion following a loss of N5 billion in contrast to N5.5 billion gained previously when Market Capitalisation closed at N9.709 trillion.

The day’s losses were minimised by gains recorded in highly capitalized stocks such as Guinness Nigeria Plc which led the list of advancing stocks with an increase of N4.64 to close at N97.64 per share, Nestle Nigeria Plc followed having added N1 to close at N826 per share.

Flourmills, UAC- Property and Zenith Bank Plc added 96 kobo, 34 kobo, and 15 kobo respectively to close at N22, N3.74 and N15.6 per share each.

Market activity as measured by Volume and Value traded, settled at 294.9 million units and N1.4 billion respectively.

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