Home Business 22 stocks drag down market value by N21bn – NSE
22 stocks drag down market value by N21bn – NSE
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22 stocks drag down market value by N21bn – NSE

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An analysis of the price movement chart on Thursday at the Nigerian Stock Exchange (NSE ) showed that 22 stocks posted loses against 12 gainers, the News Agency of Nigeria reports.

The market capitalisation, which opened at N13.249 trillion, shed N21 billion to close at N13.228 trillion.

Top on the price laggards’ table was Mobil Oil which lost N10 to close at N170 per share.

FBN Holdings trailed with a loss of 45k to close at N9.50, while Vitafoam was down by 36k to close at N3.24 per share.

PZ industries depreciated by 20k to close at N14.05, while Zenith International Bank lost 15k to close at N23.60 per share.

On the other hand, International Breweries led the price gainers’ table, gaining 50k to close at N31 per share.

Sterling Bank followed with a gain of 13k to close at N1.49, while Ecobank Transnational gained 10k to close at N22.15 per share.

Eterna Oil also appreciated by 10k to close at N6.10, while Stanbic IBTC grew by 10k to close at N50 per share.

UBA was the most at active stock in volume terms, trading 27.22 million shares worth N260.24 million.

Law Union and Rock Insurance followed with 25 million shares valued at N22.50 million, while Zenith International Bank traded 19.92 million shares worth N71.39 million.

Courteville traded 19.69 million shares worth N4.13 million, while Regency Insurance sold 13.13 million shares valued at N3.05 million.

In all, a total of 188.26 million shares valued at N1.29 billion were transacted by investors in 2,795 deals.

This is in contrast to the 114.04 million shares worth N730.08 million traded in 2,610 deals on Wednesday

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