22 September 2016, Lagos – Activities at the Nigerian Stock Exchange on Thursday reversed to the downward trend after appreciating for two consecutive days.
The market capitalisation which opened at N9.691 trillion decreased by 0.17 per cent or N16 billion to close at N9.675 trillion.
The All-Share Index dropped by 48.15 points or 0.17 per cent to close at 28,166.42, compared to 28,214.57 declared on Wednesday following price appreciation.
Dangote Cement recorded the highest price loss, shedding N3 to close at N180 per share.
GT Bank trailed with a loss of 94k to close at N25.83 while Guinness dipped 23k to close at N92.77 per share.
NAHCO lost 16k to close at N3.32, while ETI depreciated by 12k to close at N11.38 per share.
On the other hand, Total Oil led the gainers’ chart by N13.5 to close at N283.5 per share.
Mobil Oil gained N8.55 to close at N179.55 while Forte Oil grew by N7.76 to close at N163.11 per share.
Nigerian Breweries appreciated by N1.46 to close at N143.5 while PZ Cussons chalked up 94k to close at N16.19 per share
Diamond Bank emerged as investors’ delight, accounting for 141.37 million shares worth N164.42 million.
FCMB exchanged 48.11 million shares valued at N48.16 million, while FBN Holdings sold 40.76 million shares worth N126.25 million.
Access sold 25.38 million shares worth N141.29 million, while Zenith Bank sold 24.12 million shares valued N371.20 million.
In all, the volume of shares traded decreased by 86.75 per cent as investors exchanged a total of 410.10 million shares worth N3.62 billion in 4,179 deals.
This was against the 3.09 billion shares valued at N6.24 billion traded in 2,815 deals on Wednesday.