Equities Market Resumes Negative Trend as Investors lose N16bn

Equities traded on the Nigerian Stock Exchange (NSE) on Monday resumed its negative trend amidst price gains after it closed trading activities last Friday in the red.

The All-Share Index (ASI) dropped 45.90 points at 0.11 percent to close at 41,172.82 points, while the market capitalization of traded equities which opened at N14.93 trillion shed N16 billion or 0.11 percent to close the day’s session at N14.91 trillion.

After the trading session, Nigerian Breweries topped the losers’ chart, dropping N1 to close at N128 per share.
Stanbic IBTC trailed by shedding 40k to close at N49.10 per share, while FBN Holdings lost 35k to close at N11.95 per share.

Guaranty Trust Bank declined by 25k to close at N45.05 per share, while UAC-Properties was down by 12k to close at N2.34 per share.

Read also: NSE RoundUp! Equities in cautious trades amidst budget politics

On the other hand, Dangote Cement led the gainers’ chart by recording the highest gain of N2.50 to close at N248 per share.

Eterna Oil followed with a price appreciation of 56k to close at N6.30, while Guinness gained 50k to close at N104 per share.

Oando garnered 40k to close at N8.75 per share, while May & Baker grew by 9k to close at N2.75 per share.

Lasaco Insurance emerged the most traded stock with 24.32 million shares valued at N9.67 million. It was trailed by Guaranty Trust Bank with 20.68 million shares worth N937.57million, Sovereign Trust Insurance traded 16.58 million shares valued at N3.63 million.

Mutual Benefit transacted 15.96 million shares worth N4.30 million, while Sterling Bank traded 15.56 million shares valued at N25.67 million.

In all, investors staked N2.57 billion on 221.39 million shares in 5,629 deals against 283.63 million shares valued at N4.23 billion in 4,187 deals traded on Friday

 

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