NSE drops to 27,000 mark, amid Seplat losses

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The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all-time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.

The News Agency of Nigeria reports that the index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against 28,042.80 achieved on Wednesday.

Capital market analysts said that bearish sentiment on the nation’s bourse deepened further on Thursday, as the market performance indicator fell to 27,000 index points, the lowest in the last 26 months. Dangote Sugar Refinery followed with a gain of 9.22 per cent to close at N11.25, while Sovereign Trust Insurance appreciated by five per cent to close at 21k per share.Japaul Oil & Maritime Services went up by 4.76 per cent to close at 22k, while FCMB Group appreciated by 4.58 per cent to close at N1.60 per share.

This was in contrast with 243.72 million shares worth N3.89 billion exchanged in 3,449 deals on Wednesday.

 

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