The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday depreciated further by N6 billion due to profit taking.

The News Agency of Nigeria reports that the market capitalisation lost N6 billion or 0.06 per cent to close at N10.352 trillion against N10.358 posted on Wednesday.

Similarly, the All-Share Index lost 17.86 points or 0.06 per cent to close at 30,123.20 compared with 30,141.06 achieved on Wednesday following price depreciation.

A breakdown of the price movement chart indicated that International Breweries recorded the highest price loss, shedding 29k to close at N17.01 per share.

It was trailed by Zenith Bank with 25k to close at N16.05, while BOC Gas dropped 21k to close at N4.18 per share.

Access Bank declined by 20k to close at N5.14 and Ikeja Hotel lost 18k to close at N3.42 per share.

On the other hand, Guinness led the gainers’ table, growing by N3.50 to close at N153 per share.

Beta Glass followed with a gain of N1.30 to close at N44, while Okomu Oli gained N1.16 to close at N28.66 per share.

CAP increased by 92k to close at N38 and Berger Paints grew by 43k to close at N10.39 per share.

The volume of shares traded also dropped by 16.28 per cent as investors’ bought and sold 219.55 million shares worth N1.91 billion exchanged in 3,126 deals.

This was against 262.23 million shares valued N3.79 billion traded in 3,027 deals on Wednesday.

Zenith Bank drove the activity having accounted for 34 million shares worth N555.56 million.

Universal Insurance came second with a total of 33.08 million shares valued N16.54 million, while UBA sold 24.08 million shares worth N105.79 million.

Equity Insurance traded 20 million shares valued N10 million and FCMB sold 11.98 million shares worth N25.85 million.


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