NSE: Transactions reopen on downward trend after Eid-el-Kabir

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rp_nse-150x150.jpgLAGOS – Equity transactions at the () reopened on Wednesday after the Eid-el-Kabir celebration with the market capitalisation depreciating by N36 billion or 0.26 per cent.

The market capitalisation closed lower at N13.53 trillion from the N13.57 trillion recorded on , Oct. 3.

Also, the All-Share Index, which opened at 41,103.94 dropped by 108.92 points to close at 40,995.02.

Financial analysts attributed the fall in the market to the holiday which had made many investors and brokers to travel.

Guinness led the losers’ chart by N8.73 to close at N186.97 per share.

Stanbic IBTC Bank depreciated by N1.75 to close at N33.25, while Dangote lost N1 to close at N219.8 per share.

Flour Mills dipped by 7k to close at N61.3, while Glaxosmith went down by 61k to close at N62 per share.

On the other hand, Conoil topped the gainers’ chart by N2.35 to close at N49.36 per share.

Nigerian Breweries gained N2.14 to close at N178.8, while Champion grew by N1.25 to close at N13.6 per share.

GTBank appreciated by 49k to close at N30.5, while Ikeja Hotels chalked up 2k to closed at N2.2 per share.

GTBank emerged as the most traded stock, accounting for 50.21 million worth N1.51 billion.

Intenegins exchanged 49.59 million shares valued at N26.59 million, while Skye Bank sold 11.29 million shares worth N127.99 million.

traded 34.73 million shares worth at N313.01 million, while Transcorp transacted 33.17 million shares valued N192.02 million.

In all, investors exchanged a total of 408.89 million shares worth N5.72 billion in 4,678 deals.

This was against the 560.322 million shares valued at N5.76 billion traded in 4,322 deals on Friday, representing 27.02 per cent decrease. (NAN)