Equities Shed 0.61% On Profit Taking

Equities Shed 0.61% On Profit Taking
Oladejo Amos
Trading in equities closed on a positive note on the Nigerian Stock Exchange on Tuesday, as some investors took profit from the gains recorded previously.
The All Share Index depreciated 0.61 per cent to close at 26,655.48 points, as against the increase of 1.43 per cent recorded the preceding day to close at 26,818.77 points.
Market capitalization shed N56 billion to close at N9.172 trillion, in contrast to the rise of N130 billion recorded the preceding day to close at N9.228 trillion.
The depreciation recorded in the share prices of Forte Oil, Guaranty Trust Bank, Unilever, Zenith Bank and FBN Holdings were mainly responsible for the loss recorded in the index.
 The total value of stocks traded was N2.66billion, up 26.20 per cent from N2.11billion recorded the preceding day.
The total volume of stocks traded was 396.03million in 5,513 deals, while the three most actively traded stocks were UBA, Access Bank and Transcorp.
Conoil Plc led the gainers’ table with N1.99 or 9.47 per cent to close at N23.00 per share, followed by Neimeth Plc with five kobo or five per cent to close at N1.05 per share.
Union Dicon Salt Plc appreciated 66 kobo or five per cent to close at N13,86 per share, while Cutix Plc was up seven kobo or 4.43 per cent to close at N1.65 per share.
Sterling Bank Plc rose six kobo or 3.59 per cent to close at N1.73 per share, while ETI Plc added 38 kobo or 2.61 per cent to close at N14.94 per share.
Conversely, Vitafoam Plc shed 47 kobo or 9.59 per cent to close at N4.43 per share, while Diamond Bank Plc depreciated 19 kobo or 9.45 per cent to close at N1.82 per share.
Transcorp Plc lost 12 kobo or 9.38 per cent to close at N1.16 per share, while Forte Oil Plc declined N19.68 or 8.75 per cent to close at N205.32 per share.
FCMB Plc fell 11 kobo or 8.59 per cent to close at N1.17 per share, while Livestock Plc was down five kobo or five per cent to close at 95 kobo per share.