Losses recorded by largely capi- talised stocks on the Nigerian Stock Exchange (NSE) led by Dangote Cement plc redirected the market which closed negative yesterday.
The value of listed eq- uities declined by about N1billion, evidenced in the market capitali- sation which moved from N11.396trillion recorded Monday to N11.395trillion.
The NSE All Share Index (ASI) also closed lower at 33,380.84 points from 33,383.97 points recorded the preceding trading day, indicating a decline of about 3.13 points or 0.01%. Dangote Cement plc led the losers table after its share price declined from N175.5 to N174.15, down by N1.35; followed by Total Nigeria plc which dropped from N159.1 to N158.5, down by N0.6.
Nigerian Breweries plc lost N0.56, from N150.57 to N150.01; while Ce- ment Company of North- ern Nigeria plc dipped from N12 to N11.6, losing N0.4.
Also, Guinness Ni- geria plc declined from N164.15 to N163.8, losing N0.35. Seplat Petroleum De- velopment Company plc led the gainers table af- ter its share price rallied from N315.8 to N331.59, adding N 15.79. Forte Oil plc appre- ciated from N179.75 to N188.65, adding N8.9. Mobil Oil plc rose from N146.01 to N153.31, add- ing N7.3.
University Press plc rose from N6.05 to N6.5, adding N0.45; while ETI plc gained N0.44, from
N22.05 to N22.49. Crude-oil futures were seeing choppy trade Tuesday with strength in the dollar and weak manufacturing data for June weighing on sentiment in the oil market.
On the New York Mer- cantile Exchange, light, sweet crude futures for delivery in August fell 52 cents, or 0.8 %, to $59.86 a barrel.
August Brent crude on London’s ICE Futures exchange fell 36 cents, or 0.6 %, to $62.98 a barrel.
At the Nigerian bourse, equity buyers in 3,787 deals exchanged 208,086,064 units valued at N2.238billion.
Zenith Bank plc, Mansard In- surance plc, Wapic plc, Vitafoam plc, and FBN Holdings plc were the actively traded equities on the Nigerian bourse yesterday.
IHEANYI NWACHUKWU
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