NSE Index Declined by 0.21%

After starting the week on a positive note on Monday, June 9, the Equity market closed trading on a negative note on Tuesday, June 10.
The Nigerian Stock Exchange All-Share Index decreased by 0.21% to close at 41,521.42 basis points in contrast to Monday’s rise which lifted it to 41,608.50 basis points.

The market capitalization of listed equities also fell by 0.21% or N29bn to close at N13.710tn.

The top performing sectoral indices was the NSE Consumer Goods Index which rose by 1.06% to close at 1,048.86 basis points. This was an increase from Monday’s close of 1,037.85 basis points.

However, the NSE Industrial Index fell the most, declining by 1.09% to close at 2,576.29 basis points.
In all, 31 equities recorded price appreciation, while 30 others recorded price depreciation on Tuesday.

The gainers were led by Honeywell Flour Mills Plc, which rose by 6.25% or 25 kobo to close at N4.25 per share. Fidson healthcare Plc and Unilever Nigeria Plc followed, gaining 4.71% and 4.61% too close at N2.89 and N50.65 per share respectively.

Gainers also included Conoil Plc and Northern Nigeria Flour Mills Plc which were up by 4.59% and 4.53% to close at N57 and N20.78 per share respectively.

However, the losers were topped by National Salt Company of Nigeria. It shed 7.03% or 93 kobo to close at N12.30 per share.

It was followed by Caverton Offshore Support Group, which declined by 4.99% or 22 kobo to close at N4.19 per share.

Ikeja Hotel Plc and Costain (West Africa) Plc fell by 4.65% and 4.27% to close at 82 kobo and N1.12 per share, respectively, while Cutix Plc and Courteville Business Solutions Plc were down by 3.62% and 3.23% to close at N1.83 and 60 kobo per share in that order.

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