NSE index drops 0.52% as Diamond Bank top losers table

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By Odunewu Segun

Transactions on the floor of the Nigerian Stock Exchange yesterday ended south as market lost 0.52 per cent, with All-Share Index dropping 140.88 points to close at 27,280.95 as against the 27,421.83 it opened with.

The day’s 14 gainers were led by International Breweries Plc which gained 5.93 percent or N1.12 to close at N20 per share, Wema Bank followed with a 4.29 percent or 3 kobo gain to close at 73 kobo per share while Africa Prudential Registrars came third having added 4.15 percent or 11 kobo to its share value to close at N2.76 per share.

Dangote Flour improved by 4.08 percent or 17 kobo to close at N4.34 per share and Airservice Plc garnered 3.88 percent or 8 kobo to close at N2.14 per share.

Conversely, Diamond Bank Plc led the day’s 24 declining stocks with a loss of 9.09 percent or 12 kobo to close at N1.20 per share. CAP Plc and PZ Nigeria Plc followed with a decline of 5 percent each or N1.67 and 95 kobo to close at N31.73 and N18.05 per share respectively.

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Oando recorded a depreciation of 4.91 percent or 28 kobo to close at N5.42 per share and 7up Plc dropped 4.88 percent or N5.26 to close at N102.60 per share.

Zenith Bank was the most active, accounting for 39.3 million shares worth N625.6 million, GTB followed with the sale of 39.2 million shares worth N962.8 million and Access Bank came third with a total sale of 37.3 million shares valued at N208.6 million.

Total volume traded depreciated by 37.76 per cent to 243.61 million shares, worth N2.56 billion, and traded in 3,647 deals, compared to a total volume of 391.4 million shares worth N3.4 billion moved in 3,103 deals on Wednesday.