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Stock Market Dips Further Monday As Mobil Tops Losers

NSE Stock Market

By Modupe Gbadeyanka

Relief is yet to come for investors in the Nigerian equities market as its bear run continued on Monday with the major market indicators plunging into the red zone.

The Nigerian Stock Exchange (NSE) all-share index, the major market indicator, depreciated by 0.15 percent or 38.54 points to close at 25,499.00 points, while another market indicator, the market capitalisation, declined by N13.3 billion to finish at N8.77 trillion.

Mobil led the declining stocks today with a loss of N4.99k to close at N190.1k per share, Dangote Sugar fell by 32k to finish at N6.16k per share, International Breweries slumped by 30k to close at N19.50k per share, Stanbic IBTC declined by 30k to end at N15.50k per share, while ETI depreciated by 20k to finish at N9.80k per share.

On the other end, Flour Mill rose by 80k to close at N17 per share, Transcorp Hotel appreciated by 26k to end at N5.51k per share, Africa Prudential Registrars Plc gained 10k to close at N2.65k per share, Cutix Plc went up by 9k to end at N1.98k per share and Dangote Flour improved by 7k to finish at N3.80k per share.

Investors exchanged 112.4 million units of shares in 2,532 deals valued at N858.5 million against 165.6 million shares traded last Friday worth N888.2 million in 2,279 deals.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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