NSE: Dangote loss dips market capitalisation by N351.8b

Nigeria stock exchange
Nigeria stock exchange

Equities trading on Monday on the floor of the Nigerian Stock Exchange (NSE) opened the week with a lull, having depreciated by 2.77 per cent as more companies released their half year financial statements.

The market indicators depreciated with All-Share Index (ASI) shedding 1020.71 points to close at 35,844.00 points, while the market capitalisation declined by N351.8 billion to settle at N12.4 trillion, thus reducing the Year-To-Date Returns to 33.39 per cent.

The decliners’ chart was topped by Dangote Cement, which shed N11.76k to finish at N223.75k per share, followed by Nigerian Breweries, which declined by N4.62k to close at N167 per share, and Lafarge, which went down by N3.3k to end at N57.72k per share.

In addition, GTBank lost N2.5k to settle at N39.5k per share, while Stanbic IBTC depreciated by N1.63k on a day it released its half-year earnings to close at N35.90k per share.

On the flip side, Okomu Oil topped the gainers chart after adding N5.62k to its share value to close at N80.3k per share.

Presco followed with a rise of N3.66k to close at N76.86k per share, while 7Up came third after growing by N1.39k to settle at N91.89k per share.

On the fourth place was International Breweries, which rose by N1.13k to end at N33.13k per share, and Dangote Sugar, which advanced by N1.11k to wrap the day at N11.97k per share.

Volume and value of shares traded today finished lower with investors exchanging a total of 490.2 million shares in 5,558 deals worth N5.3 billion, compared with 525.6 million shares transacted last Friday in 5,799 deals valued at N8.1 billion.

A breakdown of equities performance indicated that FCMB emerged the active stock, trading a total of 127.6 million shares at N154.2 million.

It was trailed by FBN Holdings, which traded 58.4 million shares valued at N347.2 million, and Transcorp, which transacted 49.7 million shares valued at N72.5 million.

Furthermore, Zenith Bank sold 45.8 million shares at N1.2 billion, while UBA traded 19 million shares valued at N185.3 million.

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