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NSE Index Sheds 74.12 Points Monday


By Modupe Gbadeyanka

Activities resumed for the week at the Nigerian Stock Exchange (NSE) on Monday in a downward trend with market indicators depreciating by 0.27 percent.

The market capitalisation shed N25.5 billion at the close of trading today, while the all-share index fell by 74.12 points or 0.27 percent.

While the market capitalisation finished at N9.35 trillion, the all-share index ended at 27,220.09 points against N9.4 trillion and 27,294.21 points both respectively closed last Friday.

Investors traded 219.9 million shares today in 3,955 deals valued at N1.9 billion compared to 148.45 million shares sold last Friday in 2,073 deals worth N1.08 billion.

7up led the losers’ chart on Monday with a loss of N7.94k to close at N150.86k per share, while Lafarge Cement followed after depreciating by N2.50k to finish at N47.50k per share and Cadbury lost 65k to close at N12.95k per share. Flour Mill fell by 44k to end at N19.8k per share, while GTBank shed 35k to close at N23.50k per share.

On the other hand, Total gained N15.1k to close at N345 per share, Nestle appreciated by N4 to finish at N795 per share, MRS improved by N3.35k to end at N43.35k per share, Okomu Oil rose by N2.5k to finish N43.5k per share, while PZ added by N1 to close N17.50k per share.

Business Post gathered that WAPIC sold 26.9 million shares valued at N13.5 million to emerge the most transacted equity today, while Sterling Bank trailed with 26.3 million units exchanged at N23.7 million.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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