NSE: Trading resumes on downward trend, index depreciates by 0.03%

EQUITY transactions on the Nigerian Stock Exchange (NSE) resumed on Monday on a negative note with market indices dropping marginally by 0.03 per cent.

The News Agency of Nigeria (NAN) reports that the market capitalisation shed N4 billion or 0.03 per cent to close at N12.718 trillion against N12.722 trillion posted on Friday.

Also, the All-Share Index, which opened at 34,848.45, lost 10.95 points or 0.03 per cent to close at 34,837.50 amid price losses.

An analysis of price movement indicated that Total Oil led the losers’ table with a loss of N2.4 to close at N187.7 per share.

Glaxosmith trailed with N2.1 to close at N97.9, while Nigerian Breweries dipped by N2 to close at N36 per share.
flour mill declined by 9k to close at N13, while Zenith Bank lost 65k to close at N21 per share.

Conversely, Dangote Cement led the gainers’ table during the day, gaining N2 to close at N230 per share.

Okomu Oil came second with a gain of 55k to close at N77.5, while GTBank appreciated by 5k to close at N36.5 per share.

Zenith Bank increased by 35k to close at N21.35 and Eternal Oil rose by 2K to close at N6.9 per share.

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Overall, the volume of shares decreased by 65.83 per cent with 131.531 million shares worth N3.14 billion transacted by investors in 3,080 deals.

This was in contrast with 384.893 million shares worth N9.79 billion exchanged in 4,070 deals on Friday.

NAN reports that Diamond Bank was the most active, exchanging 101.80 million shares valued N124 million.

Stanbic IBTC followed with an account of 67.77 million shares worth N897.18 million, while GTBank traded 46.40 million shares valued at N1.34 billion.

Zeno Bank traded 42.29 million shares worth N2.3 billion and Dangote Cement traded 399.86 million shares valued at 953.08 million.