Again: All Share Index Drops By 0.10%

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(Last Updated On: 2016-11-25)

Sherifah Oyediran

The All-Share Index drop by 0.10 per cent on Thursday as Total Nigeria led losers’ chart on Nigerian Stock Exchange (NSE) for third consecutive day after dropping by N22 to close at N223 per share.

Okomuoil trailed with a loss of N1.92 to close at N40.08, while Forte Oil was down by N1 to close at N69 per share.

International Breweries lost 80k to close at N18.70 and Nigerian Breweries depreciated by 32k to close at N141 per share.

Consequently, the All-Share Index shed 26.30 points or 0.10 per cent to close at 25,490.70 against 25,517.00 achieved yesterday.

Also, the market capitalisation which opened at N8.784tn shed N10bn to close at N8.774tn posted yesterday.

On the other hand, Mobil Oil topped gainers’ table, growing by N3.99 to close at N199.02 per share.

Flour Mills came second with a gain of 75k to close at N19.49 and Guaranty Trust Bank chalked up 21k to close at N21.52 per share.

Africa Prudential gained 13k to close at N2.79 and FBN Holding improved by 5k to close at N3.05 per share.

International Breweries drove the turnover volume with a total of 22.01 million shares worth N411.57m.

It was followed by Access Bank with 20.03 million shares valued at N112.37 and GT Bank transacted 11.39 million shares worth N245.25m.

Transcorp sold 9.91 million shares valued at N7.07m and FBN Holdings accounted for 7.19 million shares worth N21.91m.

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In all, investors bought and sold a total of 97.14 million shares valued at N1.14bn transacted in 1,929 deals.

This was in contrast with a turnover of 165.73 million shares worth N1.13bn achieved in 2,484 deals yesterday.

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