The Nigerian equities market lost circa N203billion yesterday as profit takers leveraged on recent two-day rally to cushion previous losses.
Year-to-Date (ytd) returns stood at minus 5.18percent yesterday.
Mostly affect were largely capitalised stocks led by Dangote Cement plc, Nestle Nigeria plc, Mobil Oil Nigeria plc, Guinness Nigeria plc, and Unilever Nigeria plc.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) depreciated by 1.77% yesterday to close at 32,863.43 points from 33,456.83 points.
The equities market capi- talisation also declined from N11.421trillion to N11.218trillion. In 4,090 deals, eq- uity dealers exchanged 323,560,037 units valued at N4.728billion.
Thirteen stocks gained yesterday against thir- ty-nine losers.
Dangote Cement plc led the losers table after its share price lost N8, from N180 to N172; while Nestle Nigeria plc followed with a loss of N7, from N857 to N850.
Mobil Oil Nigeria plc dipped by N5 from N155 to N150; Guinness Nigeria plc declined from N162.81 to N160.28, down by N2.53; while Unilever Nigeria plc de- clined from N45.5 to N44, after losing N1.5.
On the gainers table, 7-Up Bottling Company plc rallied from N179.1 to N186, adding N6.9; La- farge Africa plc rose from N101.99 to N103, adding N1.01.
Presco plc appreciated by N1, from N35 to N36. Beta Glass plc gained N0.5, from N35.5 to N36; while International Breweries plc ap- preciated from N19.01 to N19.5, adding N0.49.
IHEANYI NWACHUKWU
