Trading maintains negative trend on NSE

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Lagos – Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a negative trend with the market indices dropping by 0.18 per cent.

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The News Agency of Nigeria (NAN) reports that the All-Share lost 53.69 points or 0.18 per cent to close at 29,136.85 against 29,190.54 posted on Friday.

Also, the market capitalisation which opened at N10.032 trillion shed N19 billion or 0.19 per cent to close at N10.013 trillion.

Nestle topped the laggards’ table, dropping by N4.01 to close at N821 per share.

It was trailed by Unilever with N1.93 to close at N36.75, while UACN lost N1.32 to close at N25.16 per share.

Guinness dipped N1.25 to close at N123.75 and Dangote Cement lost N1.03 to close at N162 per share.

Conversely, PZ Industries led the gainers’ table with a gain of 99k to close at N24. 99 per share.

Flour Mill gained 89k to close at N22.05, while GT Bank garnered 51k to close at N23.60 per share.

Berger Paint improved by 33k to close at N10.10 and Zenith 30k N17. 90 per share.

NAN reports that UBA emerged the post traded stock, exchanging 116.82 million shares worth N408.74 million.
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Zenith Bank sold 63.47 million shares valued N1.12 billion, while FBN Holdings traded 31.96 million shares worth N160.89 million.

Oando sold 16.43 million shares valued N96.21 million and Access Bank accounted for 9.53 million shares valued N43.99 million.

In all, investors’ bought and sold 308.12 million shares worth N2.97 billion traded in 2,886 shares.

This was in contrast with 206.02 million shares valued N3.38 billion exchanged in 2,773 deals on Friday. (NAN)

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