Major blue equities record price depreciation

Major blue chip equities at the Nigerian Stock Exchange (NSE) on Thursday recorded price depreciation with Guinness recording the highest price loss, dropping by ₦2.32 to close at ₦131.68 per share.

UACN followed with ₦1.50 to close at ₦40, while Nigerian Breweries fell by N1 to close at N121 per share.

Stanbic IBTC and PZ Industries dropped 74k and 70k, each to close at N21.76 and N28.01 per share, respectively.

Consequently, the All-Share Index lost 74.77 points or 0.25 per cent to close at 30,436.18 against 30,510.95 achieved on Wednesday.

Also, the market capitalisation which opened at ₦10.457 trillion lost ₦25 billion to close at ₦10.432 trillion.

On the other hand, 7UP topped the gainers’ table improving by ₦8 to close at ₦190 per share.

Lafarge Africa came second with a gain of ₦4.09 to close at ₦103.09, while Forte Oil gained ₦3.50 to close at ₦188 per share.

Cement Company of Northern Nigeria increased by 37k to close at ₦9.14 and E-tranzact grew by 12k to close at ₦3.45 per share.

Investors’ staked ₦4.21 billion on 154.36 million shares traded in 3,154 deals compared with 222.69 million shares worth ₦4.39 billion exchanged in 3,601 deals on Wednesday.

An analysis of the activity chart showed that Nigerian Breweries was investors’ delight; trading 21.65 million shares valued ₦2.62 billion.

UBA transacted 18.31 million shares worth ₦77.05 million, while GT Bank sold 11.03 million shares valued ₦262.64 million.

FCMB traded 8.62 million shares worth ₦23.30 million, while Transcorp exchanged 8.31 million shares valued ₦17.52 million.

(NAN)