NSE5Lead Indicators of the Nigerian Equities market dropped by 0.01 per cent on Wednesday, December 16, bringing the All Share Index 2.33 points lower to close at 26,948.43 points, compared with a 0.84 per cent depreciation previously to close at 26,950.76 points.

Market Capitalization likewise declined by N801.7 million to close at N9.265 trillion compared to N78.6 billion lost previously to close at N9.266 trillion.

Market breadth closed with 16 gainers against 23 losers. Topping the losers chart was Tiger Brands Plc with a decline of 9.52 per cent or 12 kobo to close at N1.14 per share, trailed by Cadbury Plc., which depreciated by 5.00 per cent or N1 to close at N19 per share, while UACN Plc., dropped 4.91 per cent or N1.11 to close at N21.50 per share.

Ikeja Hotel Plc., also lost 4.86 per cent or 16 kobo to close at N3.13 per share, while Ecobank Transnational Incorporation Plc., fell 4.75 per cent or 79 kobo to close at N15.85 per share.

On the other hand, Ashaka Cement Plc., led the 16 gainers with an increase of 10.23 per cent or N2.30 kobo to close at N24.79 per share followed by PZ Cussons Plc., which added 10.20 per cent or N2.71 to close at N29.29 per share, while Honeywell Flour Mills Plc., gained 9.21 per cent or 14 kobo to close at N1.66 per share.

Union Bank Nigeria Plc appreciated 8.32 per cent or 46 kobo to close at N5.99 per share, while Cutix Plc., increased by 4.70 per cent or 7 kobo to close at N1.56 per share.

At the end of the day’s transactions, investors on the Nigeria Stock Exchange had in 2,781 deals traded a total of 196.5 million shares worth N2.1 billion compared to 189.3 million shares worth N3.2 billion exchanged in 3,265 deals previously.

By Pita Ochai

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