Nestle tops losers’ chart on NSE

Nestle tops losers’ chart on NSE
Nestle tops losers’ chart on NSE

By Chinyere Joel- Nwokeoma

Nestle Nigeria on Wednesday topped the losers’ chart on the Nigerian Stock Exchange (NSE), forcing the market indices to drop by 0.03 per cent.

The News Agency of Nigeria (NAN) reports that Nestle shed N19.43 to close at N805.57 per share.

It was trailed by Lafarge Africa with a loss of N1.28 to close at N46.81, while Presco dropped N1.25 to close at N40.25 per share.

Flour Mills lost 65k to close at N20.05 and UAC Property declined by 37k to close at N3.58 per share.

Consequently, the All-Share Index lost 7.09 points or 0.03 per cent to close at 28,027.23 compared with 28,034.32 posted on Tuesday.

Similarly, market capitalisation which opened at N9.629 trillion dipped N3 billion or 0.03 per cent to close at N9.626 trillion.

Seplat led the gainers’ table, growing by N18.37 to close at N385.88 per share.

Guinness came second with a gain of N3.74 to close at N79.74 and Total garnered N2.50 to close at N289.50 per share.

Guaranty Trust Bank increased by 15k to close at N24, while United Bank for Africa appreciated by 13k to close at N4.31 per share.

Also, the volume of shares traded dropped by 33.57 per cent with a total of 155.58 million shares valued at N1.43 billion exchanged in 3,277 deals.

NAN reports that this was in contrast with 234.19 million shares worth N2.72 billion transacted in 3,335 deals.

GTBank drove the activity chart, trading 28.09 million shares valued at N672.81 million.

United Bank for Africa followed with 28.04 million shares worth N119.80 million, while Transcorp traded 14.75 million shares valued at N14.98 million.

Fidelity Bank sold 14.29 million shares worth N12.83 million, while FCMB Group exchanged 11.55 million shares at the cost of N13.003 million.

 

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