Nigeria Equity Watch | 13 July 2015 : Nigerian equities continue on red path … NSE all Share index 32 basis points down

Lagos, Nigeria (Capital Markets in Africa) — Overall market performance indicators, the NSE All Share Index and market capitalisation, declined by 0.32% each to 31,628.20 points and N10.80 trillion respectively. This was amid a 38% increase in the total value traded N5.4 billion, with commercial banking giant, Zenith Bank accounting for over 50%. Dangote Cement and Nestle Nigeria accounted for about 25% and 8% of the total value traded respectively.

Commercial banking concern, Unity Bank plc, rose by 4.68% to close at N2.46 per share while cement manufacturer, Dangote Cement, appreciated by 1.01% to close at N170.00 per share. Upstream oil/gas player, Seplat Petroleum Dev. Co., and oil/gas logistics services company, the Caverton Offshore Group, gained 1.48% and 3.80% to close at N335 and N3.55 per share respectively.

Consumer goods manufacturing company, Nestle Nigeria, declined by 1.18% to close at N840.00 per share. Also, manufacturers of flour-based products, Flour Mills of Nigeria and Honeywell Flour Mills, slid by 4.98% and 4.95% to close at N30.69 and N3.07 per share.