Forte Oil, Cadbury, Champion Breweries top losers as NSE index down 0.28%

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Traders work at the Nigerian Stock Exchange in Lagos, February 13, 2015. REUTERS/Joe Penney

Profit taking persisted at the Nigerian Equities market on Tuesday as Nigerian Stock Exchange (NSE) All Share Index- retreated 0.28 percent to 33,141.85 points.

This trimmed year -to -day return to 23.42 per cent and decreased market capitalization by N28 billion to N11.461 trillion.

Activity level decelerated as value traded ended at N5.5 billion against N6.1 billion traded previously while volume traded ended at 410.2 million units against 501.1mn units traded on Monday.

Market breadth closed positive with 31 gainers to 28 losers.

Forte Oil topped the day’s losers with a loss of 7.57 percent as the share price closed at N58 per share; Cadbury posted a decline of 7.87 percent to close at N14.40 per share. While Champion breweries, fell 4.94 percent to close at N3.27; Learn Africa and Initiates Plc also depreciated 4.94 percent each and both closed at 77 kobo per share respectively.

On the flip side, May & Baker topped the day’s gainers with an appreciation of 9.94 percent to close at N3.43 per share. Transcorp was next on the gainers list with an increase of 9.67 percent to close at N6.58 per share while Skye Bank added 9.64 percent and closed the day at N1.82.

Nigeria Police Force Micro Finance Bank was up by 7.41 percent to close at 58 kobo per share and Presco increased 6.92 percent to close at N1.39 per share.

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