Sell pressure:NSE All- Share Index loses 0.13%

Whatapp News

Lagos  –   Transactions on the Nigerian Stock Exchange (NSE) opened for trading on Monday on a negative note with the All-Share Index dropping by 0.13 per cent.

The News Agency of Nigeria (NAN) reports that the index shed 35.88 points or 0.13 per cent to close at 27,598.54 against 27,634.42 recorded on Friday following price depreciation.

Similarly, the market capitalisation lost N13 billion or 0.14 per cent to close at N9.478 trillion compared with N9.491 trillion achieved on Friday.

NAN reports that Total topped the losers’ chart, dropping by N7.45 to close at N162.55 per share.

Guinness trailed with a loss of N2.95 to close at N99.05, while Julius Berger dipped 90k to close at N42.10 per share.

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Stanbic IBTC shed 78k to close at N14.97 and Flour Mills declined by 70k to close at N21.30 per share.

Conversely, Cap recorded the highest price gain to lead the gainers’ table, growing N1.50 to close at N38 per share.

Dangote Cement also increased by N1.50 to close at N171, while Union Dicon Salt appreciated by N1.27 to close at N13.71 per share.

Ashaka Cement gained N1 to close at N21.03 and International Breweries improved by 40k to close at N20 per share.

NAN also reports that the volume of shares traded closed lower with an exchange of 145.34 million shares valued at N1.43 billion transacted in 3,695 deals.

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This was in contrast with 243.80 million shares worth N2.43 billion exchanged in 3,942 deals on Friday.

Diamond Bank was investors delight, trading 14.99 million shares valued at N31.69 million.

It was trailed by FCMB Group with 14.81 million shares valued at N24.41 million, while Access Bank traded 14.62 million shares worth N18.49 million.

Transcorp exchanged 13.59 million shares valued at N19.12 million and FBN Holdings transacted 12.34 million shares worth N48.31 million. (NAN)

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