NSE opens on a negative note as Nigerians mourn

Weekly trading activities on the Nigerian Stock Exchange (NSE) opened on Monday on a negative note following the Sunday plane crash in Lagos that killed all153 persons on board the DANA Air flight.

Major equities recorded price depreciation with the Nigerian Breweries topping the losers’ chart, dropping N3.01 to close at N101.99 per share.

The All-Share Index, which opened at 21,963.87, depreciated by 178.5 points or 0.81 per cent to close at 21,785.37.

Similarly, the market capitalisation lost N57 billion to close at N6.947 trillion against the N7.004 trillion posted on Friday.

ETI depreciated by 35k to close at N10.90, while Access lost 34k to close at N6.55 per share.

GlaxoSmithKline followed with N1 to close at N20, while Oando dropped 36k to close at N15.70 per share.

On the other hand, NewGold led the gainers’ chart with a gain of N90 to close at N2,525 per unit.

UPL appreciated by 19k to close at N4.18, while National Salt grew by18k to close at N4.38 per share.

NAN reports that investors on Monday exchanged a total of 279.91million shares worth N2.2 billion in 3,868 deals.

This was in contrast with the 393.04 million shares valued at N2.6 billion exchanged in 3,870 deals on Friday.

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