NSE: Market capitalisation loses N40bn

The Nigerian Stock Exchange (NSE) crucial market indicators on Wednesday closed negatively with the market capitalisation dropping by N40 billion.
The market capitalisation closed lower at N11.215 trillion compared with N11.255 trillion achieved on Tuesday due to profit taking.
Also, the All-Share Index which opened at 30,822.33 shed 117.35 points or 0.38 per cent to close at 30,704.98.
Seplat recorded the highest loss to lead the laggards’ table, dropping by N38.80 to close at N555.20 per share.
Total trailed with a loss of N3 to close at N195, while Dangote Cement was down by N3 to close at N186 per share.
Mobil lost N2 to close at N168, while Julius Berger dropped by 90k to N20.10 per share.
On the other hand, Nestle led the gainers’ table, increasing by N20 to close at N1,470 per share.
Forte Oil followed with a gain of N2.35 to close at N26.20, while Nigerian Breweries grew by N1.80 to close at N78.50 per share.
Stanbic IBTC gained 45k to close at N46, while Flour Mills added 35k to close at N21.85 per share.
Further analysis of the activity chart shows that Zenith Bank was the most active stock, exchanging 51.89 million shares worth N1.18 billion.
Lafarge Africa followed with an account of 38.65 million shares valued at N457.32 million, while FBN Holdings traded 15.85 million shares worth N120.35 million.
Guaranty Trust Bank traded 12.25 million shares valued at N427.56 million, while Fidelity Bank sold 9.59 million shares worth N18.38 million.
In all, investors traded 200.99 million shares valued at N4.09 billion transacted in 3,035 deals, a decrease of 36.43 per cent.
This was against 316.19 million shares worth N5.09 billion traded in 3,445 deals on Tuesday.