Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red, with market indices losing 0.85 per cent and volume of shares dropping by 20.25 per cent.
The News Agency of Nigeria (NAN) reports that major blue chips recorded price depreciation, with Dangote Cement topping the losers’ chart with N8 to close at N270 per share.
Forte Oil came second with a loss of N2.40 to close at N46.05, while Julius Berger was down by N1.35 to close at N28.65 per share.
Lafarge Wapco declined by N1 to close at N53, while Cadbury decreased by 50k to close at N15.50 per share.
Consequently, the All-Share Index dipped 378.27 points or 0.85 per cent to close at 44,261.72 compared with 44,639.99 achieved on Friday.
Similarly, the market capitalisation which opened at N16.019 trillion shed N136 billion or 0.85 per cent to close at N15.883 trillion.
Conversely, Betaglass led the gainers’ table during the day, gaining N3.10 to close at N65.45 per share.
Zenith International Bank followed with a gain of 70k to close at N32.65, while PZ industries appreciated by 55k to close at N23.65 per share.
Nigerian Breweries added 50k to N145, while Dangote Sugar grew by 35k to close at N21 per share.
NAN reports that the volume of shares traded dipped by 20.25 per cent as investors bought and sold 426.87 million shares valued at N2.77 billion in 5,741 deals.
This was in contrast with a turnover of 535.26 million shares worth N3.61 billion traded in 6,054 deals.
The financial services sector remained investors delight with FCMB Group emerging the most active stock in volume terms with 101.49 million shares valued at N303.32 million.
Skye Bank followed with an account of 48.34 million shares worth N66.37 million, while Diamond Bank exchanged 31.54 million shares valued at N100.21 million.
Transcorp sold 27.73 million shares worth N63.54 million, while AIICO Insurance transacted 27.63 million shares valued at N24.31 million. (NAN)
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]
NEWS18 hours ago
26-year-old Nigerian, Adekunle Becomes World Highest Paid Robotics Engineer
NEWS6 hours ago
Again, Gemade Defects To Another Party
NEWS15 hours ago
Abe To Amaechi: God Will Decide Rivers’ Next Governor
NEWS19 hours ago
Blogger, Linda Ikeji Gives Birth To Baby Boy
POLITICS14 hours ago
2019: Timi Frank Hails Dogara’s Move To PDP
POLITICS3 hours ago
Kwara 2019: Imposition Of Candidate Will Be Counter-productive – Saliu Mustapha
FOOTBALL15 hours ago
World Legends, Ex-Eagles Stars Converge On Abuja To Kick Out Corruption
NEWS7 hours ago
Edo APC Settles For Indirect Primaries