Profit Taking Pulls Down Equities By 1.30% On The Exchange  

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Profit takers returned to the floor of The Nigerian Stock Exchange (NSE) yesterday as both indicators, the All Share Index and Market Capitalisation, went down by 1.30 per cent each.

The All Share Index depreciated by 483.35 basis points or 1.30 per cent to close at 36,575.86 points from 37,059.21 points it closed trading on Wednesday, while market capitalisation slipped by N166.600 billion or 1.30 per cent to close at N12.606 trillion from N12.773 trillion it recorded in the previous trading day.

Just like it did on Wednesday, breweries’ major, Nigerian Breweries, led the gainers’ table on Thursday when it added 188 kobo to its share price to close at N188.00 per share, followed by Union Bank which grabbed 29 kobo to close at N6.00 per share, United Bank for Africa gained 21 kobo to close at N9.71 per share, Guaranty Trust Bank nicked 10 kobo to close at N40.60 per share, while Dangote Flour Mills appreciated by 9 kobo to close at 6.49 per share, among others.

Petroleum marketer, Total Nigeria, led the losers’ table when it went down by N11.20 to close at N216.80 per share, followed by its peer-Mobil Nigeria which slipped by N10.69 kobo to close at N203.12 per share, Dangote Cement lost 834 kobo to close at N216.56 per share, Presco slipped by 359 kobo to close at N68.39 per share while Guinness Nigeria suffered a setback of 250 kobo to close at N82.00 per share, among others.

Guaranty Trust Bank emerged the most traded equity on Thursday with an exchange of 71.004 million shares worth N2.897 billion, followed by Access Bank having accounted for 37.102 million shares valued at N371.441 million, United Bank for Africa exchanged 21.849 million shares valued at N208.590 million; Zenith Bank recorded 17.508 million shares valued at N411.1258 million while FBN Holdings traded 12.503 million shares worth N75.019 million.

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