The market indices of the Nigerian Stock Exchange (NSE) commenced trading for the week on Monday on a bearish trend, dropping by 0.34 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N46 billion or 0.34 per cent to close at N13.499 trillion compared to N13.545 trillion posted on Friday.
Similarly, the All-Share Index dipped 125.91 points or 0.34 per cent to close at 37,266.86 against 37,392.77 recorded on Friday. CAP recorded the highest loss to lead the laggards’ table, shedding N2.50 to close at N34.50 per share. Forte Oil and PZ Industries trailed with a loss of N1.90 each to close at N27 and N17.10 per share, respectively.
UPDC REIT lost N1 to close at N9.00, while Custodian and Allied Insurance declined by 61k to close at N5.51 per share. Conversely, Flour Mills led the gainers’ table during the day, gaining 90k to close at N29.90 per share. UACN followed with a gain of 70k to close at N14, while NAHCO gained 37k to close at N4.08 per share. Ecobank Transnational increased by 35k to close at N20.75, while Trancorp added 3k to close at N1.26 per share.
An analysis of the activity chart shows that Medview Air was active in volume terms, trading 100.01 million shares worth N198.38 million. FBN Holdings followed with an account of 42.87 million shares valued at N445.84 million, while Transcorp traded 40.55 million shares worth N51.48 million. Multiverse sold 20.89 million shares valued at N4.18 million, while Zenith International Bank transacted 16.61 million shares worth N398.49 million.
In all, investors bought and sold 303.48 million shares valued at N2.04 billion achieved in 3,402 deals. This was in contrast with a turnover of 212.88 million shares worth N3.24 billion exchanged in 3,143 deals on Friday. (NAN)
