Profit taking persists on NSE, index down by 0.07%


Activities on the Nigerian Stock Exchange (NSE) on Thursday maintained negative slide for the third consecutive days, amid profit taking.
The All-Share Index shed 26.81 points or 0.07 per cent to close at 37,226.44 compared with 37,253.25 achieved on Wednesday.
In the same vein, the market capitalisation lost one billion naira or 0.07 per cent to close at N13.485 trillion against N13.495 trillion.
Beta Glass topped the laggards’ chart, dropping by N9 to close at N81 per share.
Forte Oil trailed with a loss of N1.10 to close at N30.20, while Nigerian Breweries declined by 80k to close at N110.20.
Dangote Sugar Refinery dipped 50k to close at N17, while GlaxosmithKline shed 45k to close at N18.55 per share.
On the other hand, International Breweries led the gainers’ table for the day, appreciating by N2.15 to close at N40.50 per share.
Dangote Cement followed with a gain of N2 to close at N227, while Lafarge Africa gained 60k to close at N34.50 per share.
Custodian and Allied Insurance added 53k to close at N6.80, while Stanbic IBTC increased by 50k to close at N51.50 per share.
In spite of the drop in crucial market indices, the volume of shares traded rose by 22.08 per cent, while value of shares transacted increased by 22.67 per cent.
NAHCO was the toast of investors, accounting for 88.13 million shares worth N483.47 million.
Access Bank followed with a turnover of 42.87 million shares valued at N428.75 million, while Zenith International Bank traded 40.84 million shares worth N980.23 million.
Sovereign Trust insurance sold 33.77 million shares valued at N6.99 million, while International Breweries exchanged 20.95 million shares worth 77.03 million.


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