NSE: Stock market loses N150bn

Transactions on the floor of Nigerian Stock Exchange Monday opened on a negative trend, shedding N150 billion. Specifically, market capitalisation of listed equities declined by 1.29 per cent to N11.522 trillion from N11.672 trillion reported on Friday. 

The NSE All Share Index dropped to 30531.69 points from 31041.42 points recorded on Friday.

Investors exchanged 1.724 billion shares worth N3.678 billion in 3251 deals against 266.861 million shares valued at N3.153 billion in 3455 deals.

However, NSE during the day delisted shares of Diamond bank from the daily official list while Access Bank listed 6,617,253,991 ordinary shares of 50 kobo.

Meanwhile, the trading activities showed that Berger Paint led gainers table during the day, gaining N0.80 kobo to close at N9.05 kobo, Caverton followed with a N0.22 kobo to close at N2.71 kobo, Ikeja Hotel gained N0.81 kobo to close N2.06 kobo, Zenith Bank increased by N0.10 kobo to close at N21.90 kobo, Unity Bank gained N0.07 kobo to close at N0.87 kobo.

On the contrary, Nestle Nigeria recorded the highest loss during the day, dropping by N130.00 to close at N1450.00, Betaglass trailed with a loss N7.15 kobo to close at N64.80 kobo, Nigerian Breweries fell by N3.75 kobo to close at N63.00, Cement Company of Northern Nigeria down by N1.95 kobo to close at N17.95 kobo while Dangote Flour declined by N1.00 to close at N9.20 kobo

The result further showed that Wema Bank Plc was the most active stock during the day, trading 1.456 billion shares valued at N1.048 billion, United Bank for Africa followed with account of 62.951 million shares valued at N485.028 million, Chams Plc traded 47.712 million shares cost N9.668 million, Fidelity Bank sold 17.498 million shares valued at N33.246 million while Ecobank Transnational Incorporated sold 17.449 million share cost N228.750 million.

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