Daily Independent Newspappers: NSE Index sheds 0.27% as Guinness leads losers

Daily Independent Newspappers ...protecting the interest of Nigerians

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NSE Index sheds 0.27% as Guinness leads losers Sep 23rd 2013, 23:09, by daily Editor By Bamidele Ogunwusi / Lagos After a two-day rebound on Thursday and Friday last week, indicators of the Nigerian Stock Exchange (NSE) opened the week on a depressed note on Monday when market indicators depreciating. Equities capitalisation fell by N31.878 billion to close at N11.494 trillion from N11.526 trillion it recorded at the weekend; while the All-Share Index lost 100.08 basis points or 0.27 per cent to close at 36,088.64 points. A total of 27 stocks suffered declines, led by Guinness Nigeria which lost 299 kobo; followed by Lafarge Cement WAPCO's 200 kobo; while Oando closed 70 kobo down; ahead of Jos Breweries' 66 kobo dip; while Nigerian Aviation Handling Company suffered a 30 kobo loss. On the other hand, Total Nigeria led 26 gainers, chalking N14.65; followed from afar by Portland Paints and Products which grabbed 37 kobo; Dangote Sugar Refinery recovered 25 kobo; Academy Press notched 17 kobo; while Ecobank Transnational Incorporated chalked 14 kobo.

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