NSE: Crucial performance indicators shed 0.31%

NSECRUCIAL indicators of the performance of the Nigerian Stock Exchange (NSE) opened the week on Monday with a loss of 0.31 per cent.

The News Agency of Nigeria (NAN) ) reports that the All-Share Index dipped 98.98 points or 0.31 per cent to close at 31,579.72 compared with 31,678.70 on Friday.

In the same vein, the market capitalisation which opened at N11.565 trillion shed N36 billion or 0.31 per cent to close at N11.529 trillion, following losses by some highly capitalised stocks.

Nigerian Breweries recorded the highest loss to lead the losers’ table, dropping by N2.10 to close at N79.40 per share.

Guaranty Trust Bank trailed with a loss of 50k to close at N35.90, while Lafarge Africa was down by 25k to close at N13.75 per share.

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May and Baker shed 19k to N2.31, while United Bank for Africa depreciated by 15k to close at N7.65 per share.

On the other hand, CAP led the gainers’ table growing by N2.75 to close at N31.95 per share.

GlaxoSmithKline followed with a gain of N1.25 to close at N14.50, while PZ Cussons improved by N1.05 to close at N11.70 per share.

Flour Mills added 70k to close at N20.50, while Julius Berger increased by 50k to close at N21 per share.

The volume of shares traded closed lower, dropping by 53.15 per cent.

Investors bought and sold 104.87 million shares valued at N1.94 billion in 2,911 deals.

This was in contrast with a turnover of 223.84 million shares worth N2.64 billion achieved in 2,819 deals on Friday.

Unilever was the most active stock during the day, exchanging 20.38 million shares valued at N804.95 million.

Zenith Bank followed with an account of 14.48 million shares worth N347.44 million, while Interlink sold 9.54 million shares valued at N34.34 million.

FCMB Group traded 7.26 million shares worth N11.03 million, while Diamond Bank sold 5.89 million shares valued at N5.13 million.

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