Bears dominate trading at NSE




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LAGOS – Transactions at the Nigerian Stock (NSE) resumed for the week Monday on a downward trend as a result of profit taking.

The News Agency of Nigeria (NAN) reports that the market capitalisation lost N16 billion or 0.14 per cent close at N11.662 trillion against the N11.678 trillion posted on Friday.

Similarly, the All-Share Index depreciated by 46. 33 points or 0.13 per cent to close at 34,341.88 compared 34,388.21 achieved on Friday following depreciation.

An analysis of the price movement chart indicated that Guinness topped the losers’ chart with N5.56 to close at N155 per share.

Forte Oil trailed with N5.51 to close at N157.50, while ETI dropped N1.22 to close at N23.27 per share.

International Breweries lost 42k to close at N20, while Zenith declined by 30k to close at N20.96 per share.
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On the other hand, Nigerian Breweries led the gainers’ table, increasing by N3.40 to close at N156.90 per share.

Flour Mills followed with a gain of N1.66 to close at N36.95, while Cadbury gained 65k to close at N39.90 per share.

Berger Paint appreciated by 45k to close at N9.52, while NASCO went up by 40k to close at N8.70 per share.

Over all, investors bought and sold 207.30 million worth N2.36 billion transacted in 3,907 deals.

This was in contrast with 23.49 million shares valued N363.43 million traded in 549 deals on Friday.

Zenith Bank was investors’ delight, accounting for 51.560 million shares worth N1.077 billion.

C & I Leasing came second with an exchange of 24.40 million shares valued worth N17.322 million, while Transcorp sold 12.705 million shares valued N40.683 million.

FBN Holdings exchanged 11.91 million shares worth N107.04 million and Unity Bank traded 11.33 million valued N27.50 million. (NAN)
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