Equities market begins week with 0.83% dip

EQUITIES trading on the Nigerian Stock Exchange (NSE) opened the week on a northward ride as the All Share Index (ASI) and market capitalisation went down by 0.83 per cent respectively.

Specifically, the ASI closed at 25,587.09 bases points after it depreciated by 215.45 basis points or 0.83 per cent from 25,802.54 it closed on Friday, while market capitalisation went down by N74.2 billion to close at N8.818 trillion from N8.892 trillion it closed on Friday.

Nigeria Breweries Plc, led the gainers’ table when it added 39 kobo to close at N133.5 per share, followed by UCA-Properties Plc which appreciated by 17 kobo to close at N3.72 per share, while Guaranty Trust Bank Plc gained 6 kobo to close at N23.08 per share. Dangote Sugar Plc gained four kobo to close at N6.05 per share, while Livestock Feed Plc increased by three kobo to close at N0.78 per share, among others.

On the other hand, Total Oil Plc, led the decliners’ table with a loss of 600 kobo to close at N262.00 per share, followed by Dangote Cement Plc, which shed 299 kobo to close at N165.01 per share, Glaxo Smithkline Consumers Plc depreciated by 75 kobo to close at N14.25 per share, PZ Nigeria dropped 67 kobo to close at N12.87 per share, while Guinness Nigeria Plc went down by 28 kobo to close at N66.22 per share.

FBN Holdings Plc emerged the most traded equity on Monday with an exchange of 25.253 million shares worth N88.244 million. It was trailed by Standard Trust Assurance Company having accounted for 20.000 million shares valued at N10.000 million, while Fidelity Bank recorded 13.550 million shares worth N12.102 million; First City Monument Bank exchanged 13.259 million shares valued at N16.682 million while Zenith Bank traded 12.179 million shares worth N187.323 million.