Trading activities on the floor of Nigerian Stock Exchange (NSE), yesterday open week in negative trend, shedding N331 billion. Specifically, the market capitalisation of listed equities fell by 4.09 per cent to N7.755 trillion from N8.086 trillion recorded on Friday. Also the NSE All Share Index shed 963.21 basis points to 22550.83 basis points from 23514.04 points traded previously.
Investors exchanged 196.258 million shares worth N1.674 billion in 3248 deals against 476.650 million shares valued at N6.181 million in 4448 deals. An analysis of the investment showed that Guaranty Trust Bank led gainers table, increasing by N0.16 kobo to close at N13.53 kobo, Continental Reinsurance followed with a gain of N0.04 kobo to close at N0.92 kobo, Tiger Brands Consumer goods increased by N0.04 kobo to close at N0.92 kobo, Eterna Oil gained N0.03 kobo to close at N1.50 kobo while United Bank for Africa (UBA) grew by N0.03 kobo to close at N2.63 kobo. Conversely, Nestle Nigeria Plc topped losers chart, dropping by N37.00 to close at N703.05 kobo, Guinness Nigeria Plc trailed by N11.10 kobo to close at N102.89 kobo, Dangote Cement depreciated by N9.40 kobo to close at N123.60 kobo. Seplat Product Development failed by N8.84 kobo to close at N168.12 kobo while Lafarge Wapco declined by N8.45 kobo to close at N78.30 kobo.
Further analysis of the transactions during the day indicated that United Bank for Africa led activities for the day exchanging 38.312 million shares worth N99.944 million in 203 deals, Guaranty Trust Bank Plc followed with account of 25.260 million shares valued at N342.082 million in 438 deals, Zenith International Bank sold 23.257 million shares cost N214.455 million in 537 deals, FBNHoldings traded 21.657 million shares valued at N76.070 million in 354 deals Access Bank sold 17.660 million worth N63.422 million in 146 deals.
