Equity transactions resumes on bearish trend, index down 0.81%

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NSE, equity

Trading activities on the Nigerian Stock Exchange (NSE) on Monday resumed for the week on a negative trend, with the market indices dropping by 0.81 per cent.

The News Agency of Nigeria (NAN) reports that the market capitalisation shed N101 billion or 0.81 per cent to close at N12.292 trillion against N12.393 trillion posted on Friday.

Also, the All-Share Index, which opened at 35,957.24, lost 292.3 points or 0.81 per cent to close at 35,664.94.

An analysis of the price movement indicated that Nestle led the losers’ table with a loss of N10 to close at N121 per share.

Dangote Cement trailed with N5 to close at N210 and Okomu Oil dipped N3.1 to N59.9, while Flour Mill declined by N1 to N29 per share.

GTBank also lost 74k to close at N37.8 per share.

Conversely, Total Oil led the gainers’ table during the day, gaining N2.02 to close at N235 per share.

UACN came second with a gain of 4k to close at N15 and ETI appreciated by 32k to close at N18 per share.

NASCON increased by 3k to close at N13.3, while Airservice added 29k to close at N6.25 per share.

Similarly, the volume of shares dropped by 24.73 per cent with an exchange of 114.77 million shares worth N2.17 billion transacted by investors in 3,232 deals.

This was in contrast with 152.47 million shares worth N3.08 billion exchanged in 4,079 deals on Friday.

NAN reports that Zenith Bank was the most active, exchanging 19.83 million shares valued at N463.52 million.

Access Bank followed with an account of 12.06 million shares worth N117.03 million, while UAC-Prop traded 10.38 million shares valued at N30.59 million.

Diamond Bank sold 6.80 million shares worth N7.95 million and Cileasing traded 6.31 million shares valued at N6.72 million.

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