Leadership (Abuja)
Chris Ugwu
15 December 2011
Activuities at the Nigerian Stock Exchange witnessed a downturn yesterday following price losses incurred by most bluechip companies, causing Market Capitalisation to slide by N7billion.
Twenty eight (28) companies depreciated in price, led by Julius Berger with 4.99 per cent to close at N32.96 per share followed by Oando and Diamond Bank with 4.98 per cent to close at N23.09 and N2.29 per share.
Dangote Sugar shed 4.95per cent to close at N4.03 while Eternaoil lost 4.91 per cent to close N3.10 per share.
Honeywell, United Bank for Africa, Nigerian Bags Manufacturing Company also dropped 4.85, 4.82 and 4.73 per cent to close N2.55, N2.17 and N1.61per share respectively.
On the other hand, Stanbic IBTC topped the day’s highest price gainer with 4.90 per cent to close at N7.28per share. Fidson followed with 4.21 per cent to close at N0.99 per share.
Guaranty Trust Assurance added 4.17per cent to close at N1.50 per share. Unilever gained 3.49 per cent to close at N27.00 per share.
West African Portland Company, Sterling Bank, GlaxoSmithKline garnered 3.06, 2.06 and 1.91 per cent to close at N44.15, N0.99, N22.90 per share.
Cutix and Guaranty Trust Bank also added 1.12 and 1.09 to close at N1.80 and N13.86 per share.
Corporate Performance indices or All-share dropped by 22.66 points or 0.1per cent from 19,871.97 to 19,849.31 while Market Capitalisation slided by N7billion from N6,282trillion to N6,275trillion.
On the activity chart, the banking subsector remained the most active in volume terms with 257million units worth N1.8million in 1,764deals followed by the insurance subsector with 42million units valued at N22.7million.
On the whole, investors exchanged 366million shares worth N2.6billion in 3,457deals.
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