Jide Ajia

Equities trading on the Nigerian Stock Exchange (NSE) ended negatively today with the benchmark indices slumping by 0.48 percent.

Specifically, the All-Share Index (ASI) dropped by 198.21 points or 0.48 per cent to close at 41,107.81 compared with 41,306.02 posted on Wednesday.

Similarly, the market capitalisation which opened at N14.962 trillion shed N72 billion or 0.48 per cent to close at N14.890 trillion.

Most traded stocks could not sustain the previous day’s attraction from investors as International Breweries’ share lost N4.30 to close at N47.50, thereby topping the losers’ table. Dangote Cement trailed with a loss of N2.70 to close at N246.20, while Unilever dropped by N2.40 to close at N52.50 per share.

Forte Oil was down by N2.20 to close at N43, while Nigerian Breweries went down by N1.80 to close at N127.20 per share.

Nestle led the gainers’ table for the day, appreciating by N20.10 to close at N1, 590.10 per share, followed by Cement Company of Northern Nigeria with a gain of N1.55 to close at N22, while Okomu Oil gained N1.05 to close at N78.55 per share.

Flour Mills gained N1.00 to close at N35.50, while UACN’s share price rose by 85 kobo to close at N18 per share.

In all, investors spent N4.76 billion on 320.39 million shares in 4,482 deals as against 276.24 million shares valued at N6.89 billion transacted in 5,327 deals the preceding day.