NSE: Transactions bearish as index falls by 0.32%

Nigeria Stock Exchange (NSE)
Nigeria Stock Exchange (NSE)

Equity transactions resumed on the Nigerian Stock Exchange (NSE) on Monday on a negative note with market indices dropping marginally by 0.32 per cent.

The market capitalisation shed N42 billion or 0.32 per cent to close at N12.891 trillion against N12.933 trillion posted on Friday.

Also, the All-Share Index, which opened at 35,426.21, lost 114.85 points or 0.32 per cent to close at 35,311.36, amid price losses.

An analysis of price movement indicated that Dangote Cement led the losers’ table with a loss of N5 to close at N230 per share.

Unilever trailed with N1.5 to close at N51 and UACN lost 6k to close at N12, while Glaxosmith declined by 3k to close at N15 per share.

Ikeja Hotel also lost 27k to close at N2.52 per share.

Conversely, Total Oil led the gainers’ table, gaining N3.4 to close at N181 per share.

FlourMill came second with a gain of N2.1 to close at N23.6, Lafarge Waco appreciated by 75k to close at N27, while Nigerian Breweries and GTbank increased by 5K each to close at N100.5 and N38 per share respectively.

Similarly, the volume of shares dropped by 66.12 per cent with an exchange of 178.810 million shares worth N2.02 billion transacted by investors in 2,981 deals.

This was in contrast with 527.74 million shares worth N4.53 billion exchanged in 3,313 deals on Firday.

NAHCO was the most active stock, exchanging 19.23 million shares valued N73.05 million.

Access Bank followed with an account of 16.84 million shares worth N151.83 million, while Diamond Bank traded 13.23 million shares valued at N15.59 million.

UBA sold 10.74 million shares worth N87.19 million and Zenith Bank traded 10.47 million shares valued at 230.40 million.


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