NSE index falls by 0.22%

Toyin Ajadi,Lagos

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Transactions on the floor of the Nigerian Stock exchange took a downward trend on Thursday with the benchmark index dropping by 0.22 percent.

The market capitalisation closed at N13.11 trillion or 0.22 percent , a decline of N29 billion from Wednesday’s close of N13.14 trillion.

Likewise,the All share index fell by 0.22 percent or 55.22 basis points to close at 25,166.01 basis points compared to 25,221.23 basis points on Wednesday.

The decline also reflected on the number of deals as 7,148 deals were transacted on Thursday as against 7,759 deals on Wednesday.

Investors traded 348.21 million shares valued at N3.43 billion on Thursday.

Market sentiments as measured by market breadth was however positive as 19 stocks appreciated while 18 stocks declined.

First on the gainers’ table was Dangote Cement which gained N1.20k to close at N138.50 kobo per share.

Next was MTN Nigeria which gained N1.00 to close transactions at N116.00k per share followed by Guinness Nigeria PLC which gained N0.80k to close at N20.00k per share.

On the other hand,Flourmill Nigeria Plc came tops on the losers chart having lost N1.00k to close at N20.00.

Ecobank Transnational incorporation followed as it lost N0.60k to close at N5.45k while Guaranty was third on the table closing at N24.40k after losing N0.45k.