Equity market sustain decline profile, sheds N181bn


Trading activities on the floor of Nigerian Stock Exchange Monday sustained declining profile, shedding N181 billion.
Spevifically, market capitalisation of listed equities declined by 1.27 per cent to N14.087 trillion from N14.268 trillion reported the previous day.
The NSE All Share Index depreciated by 347.59 basis points to 27041.03 points from 27388.62 points traded on Friday.
Investors traded 429.003 million shares valued at N7.298 billion in 4533 deals against 421.275 million shares worth N5.552 billion in 4423 deals.


A review of the transactions during the day showed that Law Union and Rock Insurance led gainers table, appreciating by N0.07 kobo to close at N0.80 kobo, May and Baker followed with a gain of N0.05 kobo to close at N1.87 kobo, Sterling Bank gained N0.04 kobo to close at N1.50 kobo, Linkage Insurance added N0.02 kobo to close at N0.45 kobo while Vitafoam Nigeria PLC added N0.01 kobo to close at N4.51 kobo.


On the contrary, Julius Berger recorded the highest loss during the day, declining by N1.60 kobo to close at N22.40 kobo, Nigerian Breweries trailed with a loss of N1.45 kobo to close at N47.00, Guaranty Trust Bank Plc down by N1.05 kobo to close at N26.90 kobo, Cadbury Nigeria Plc fell by N0.90 kobo to close at N8.20 kobo while Zenith Bank declined by N0.76 kobo to close at N19.10 kobo.


The result also showed that Guaranty Trust Bank was the most active stock during the day, exchanging 177.129 million shares valued at N4.792 billion, FBNHoldings followed with account of 60.097 million shares worth N329.484 million, Zenith Bank PLC traded 56.152 million shares cost N1.090 billion , United Bank for Africa Plc traded 39.165 million shares valued at N267.206 million while United Capital Plc sold a total of 18.479 million shares worth N62.992 million.

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