ADVERTISEMENT

NSE market indices on Wednesday extend losses by 0.46%

Also, the market capitalisation, which opened at N14.912 trillion, dipped N68 billion or 0.46 per cent to close at N14.844 trillion.

The News Agency of Nigeria (NAN) reports that the All-Share Index dropped further by 190.93 points or 0.46 per cent to close at 41,495.43 against 41,686.36 recorded on Tuesday.

NAN reports that the market failed to react positively to the audited results being released in the market, which analysts attributed to unstable economic environment.

Some blue chips posted price loses and this was led by Nestle with a loss of N30 to close N1.50 per share.

ADVERTISEMENT

Lafarge Africa trailed with N3.30 to close at N47.05, while Stanbic IBTC declined by N2.15 to close at N46 per share.

Cadbury shed N1.35 to close at N12.65, while Nigerian Breweries was down by N1.20 to close at N126 per share.

Conversely, Guinness led the gainers’ table for the day, gaining N4.80 to close at N105 per share.

GlaxosmithKline followed with a gain of N1.05 to close at N22.05, while Dangote Flour appreciated by 75k to close at N15.75 per share.

The Cement Company of Northern Nigeria added 50k to close at N18.75, while NASCON Allied also gained 50k to close at N20.50 per share.

ADVERTISEMENT

The volume of shares traded closed higher with a total of 488.97 million shares worth N5.64 million transacted in 5,524 deals.

This was against the 409.21 million shares valued at N3.92 billion shares sold in 4,996 deals on Tuesday.

Africa Insurance remained the most traded, accounting for 82.77 million shares worth N20.37 million.

Japaul Oil and Maritime followed with 75.55 million shares valued at N42.28 million, while Fidelity Bank sold 63.88 million shares worth N151.42 million.

Zenith Bank exchanged 29.59 million shares valued at N837.67 million, while FBN Holdings traded 28.78 million shares worth N344 .34 million.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Video of weird school competition shows young students licking one another's feet

Video of weird school competition shows young students licking one another's feet

UniCal records highest number of first class graduates in 49 years

UniCal records highest number of first class graduates in 49 years

Army announces names of 17 soldiers killed in shocking Delta attack

Army announces names of 17 soldiers killed in shocking Delta attack

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

'Politics is not about being negative every time' — Peter Obi

'Politics is not about being negative every time' — Peter Obi

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

27,600 Benue women to receive grants, loans for business growth, self reliant

27,600 Benue women to receive grants, loans for business growth, self reliant

₦184 million per street light project and other shocking figures in 2024 budget

₦184 million per street light project and other shocking figures in 2024 budget

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

Pulse Sports

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Report: Super Eagles get new coach for Ghana and Mali clash

Report: Super Eagles get new coach for Ghana and Mali clash

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

ADVERTISEMENT
ADVERTISEMENT