EQUITIES' VALUE ON NSE DIPS BY N23BN

The declining trend on the Nigerian Stock Exchange NSE persisted Tuesday, as equities value represented by the market capitalization dipped by N22.84 billion.

In particular, the capitalisation shed 0.29 per cent to close at N7.822 trillion from N7.845 trillion at which it opened.

Another key performance indices, the All share index shed 0.29 per cent or 71.44 bases points to close at 24,465.52 points from 24,536.96 points.

Julius Berger Nigeria Plc led 32 other stocks on the losers table dropping by five per cent or N3.11 to close at N59.15 per share, Ashaka Cement Plc followed with a loss of N1.08 to close at N21.00 per share and Scoa Nigeria Plc dipped by N0.33 to close at N6.43 per share.

Other share price losers include: Intercontinental Bank Plc N0.05, Niger Insurance Plc N0.03, Afribank Plc N0.06, C&I Leasing Plc N0.06, Costain West Africa Plc N0.12, Fidelity Bank Plc N0.12, among others.

On the other hand, Capital Hotel Plc recorded the most share price gain on the gainers table rising by 4.90 per cent or N0.18 to close at N3.85 per share, Guaranty Trust Assurance Plc followed with a gain of N0.07 to close at N1.50 per share and Cutix Plc garnered N0.10 to close at N2.28 per share.

Other share price gainers include: Starcomms Plc N0.02, Finbank Plc N0.02, Red Star Express Plc N0.10, Oando Plc N1.29, Goldlink Insurance Plc N0.01, Stanbic IBTC Bank Plc N0.18, Nigerian Aviation Handling Coampany Plc N0.13, among others.

Equity trading appreciated by 3.47 per cent as a turnover of 26.4.80 million shares valued at N2.86 million was recorded in 6,089 deals, compared to the previous day's turnover of 255.93 million shares valued at N2.86 million in 6,089 deals.