Trading activities on the floor of Nigerian Stock Exchange yesterday returned to negative trend as profit taking hit the market, shedding N102 billion.
Specifically, Market Capitalisation of listed equities declined by 0.88 per cent to N11.460 trillion from N11.562 trillion traded on Friday. The NSE All Share Index also depreciated by 272.45 basis points to 30732.72 points from 31005.17 points reported the previous day. Investors traded 499.211 million shares worth N5.531 million in 3874 deals against 300.803 million shares valued atN3.764 billion in 3317 deals.
Cement Company of Northern Nigeria led gainers table during the day, appreciating by N1.80 kobo to close at N26.90 kobo, NEM Insurance followed with a gain of N0.12 kobo to close at N2.60 kobo, FCMB appreciated by N0.07 kobo to close at N1.83 kobo, Linkage Assurance added N0.05 kobo to close at N0.61 kobo, United Bank for Africa grew by N0.05 kobo to close at N7.35 kobo
Seplat Petroleum Development Plc topped losers chart , dropping by N46.00 to close at N530.00, Mobil Oil trailed with a loss of N8.00 to close at N180.00, Dangote Cement down by N4.90 kobo to close at N190.00, Wapco fell by N0.40 kobo to close at N12.40 kobo while Etranzact depreciated by N0.31 kobo to close at N3.25 kobo.
The NSE transactions for the day showed that Diamond Bank was the most active stock, exchanging 239.356 million shares worth N497.886 million, Guaranty Trust Bank followed with account of 119.345 million shares valued at N3.796 billion , Zenith International Bank sold 26.107 million shares cost N563.197 million, NEM Insurance traded 21.156 million shares cost N57.459 million while FBNHoldings traded 15.965 million shares valued at N115.640 million
