The shares of Ashaka Cement Plc, Presco Plc, Caverton Offshore Support Group Plc and Conoil Plc emerged as the top five losers at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday.
The NSE market capitalisation slid to N9.703tn from N9.708tn, while the All-Share Index closed at 28,248.86 basis points from 28,263.16 basis points.
An aggregate of 294.909 million shares valued at N1.413bn exchanges hands in 3,142 deals.
The highest index points attained in the course of trading was 28,263.16 basis points, while the lowest and average index points stood at 28,166.42 and 28,228.02 basis points, respectively.
A total of 20 stocks appreciated while 18 plummeted, according to NSE data.
The shares of Ashaka Cement closed at N18.02 from N19.95, losing N1.93 (9.67 per cent), while Presco shares shed N4 (8.89 per cent) to close at N41 from N45.
Similarly, Caverton shares plummeted by N0.08 (8.42 per cent) to close at N0.87 from N0.95, while the share price of Conoil Plc closed at N36 from N39, shedding N3 (7.69 per cent).
Also, Oando share price depreciated by N0.27 (4.82 per cent) to close at N5.32 from N5.59.
Other losers were Champion Breweries Plc, Livestock Feeds Plc, Ikeja Hotels Plc, AIICO Insurance Plc, Skye Bank Plc, 7UP Bottling Company Plc, Stanbic IBTC Holdings Plc, NPF Microfinance Bank Plc, Sterling Bank Plc, FBN Holdings Plc, Access Bank Plc, Forte Oil Plc, Guaranty Trust Bank Plc, Cadbury Nigeria Plc and Nascon Industries Plc.
On the other hand, UAC Property Development Company Plc, Law Union and Rock Insurance Plc, Guinness Nigeria Plc, Cutix Plc and Flour Mills Nigeria Plc emerged as the top five losers.
UAC Property share price soared to N3.74 from N3.40, appreciating by N0.34 (10 per cent), while Law Union and Rocks Insurance shares closed at N0.61 from N0.57, gaining N0.04 (7.02 per cent).
The share price of Guinness gained N4.64 (4.99 per cent) to close at N97.64 from N93, while Cutix shares appreciated to N2.13 from N2.03, adding N0.10 (4.93 per cent).
Flour Mill shares also rose by N0.96 (4.56 per cent) to close at N22 from N21.04.
Source:© Copyright Punch Online
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