Stock market loses N267bn

Trading activities on the floor of Nigerian Stock Exchange yesterday opened week in negative trend, declining by N267 billion.

Specifically, Market Capitalisation of listed equities declined by  2.35 per cent  to N11.116  trillion from N11.383 trillion reported the previous day.

The NSE All Share Index depreciated by 550.99 basis point or 2.52 per cent to 21330.79 points from 21881.78 points traded on Friday.

Investors traded 466.907 million shares valued at N1.933 billion in 3659 deals against 261.411 million shares worth N3.357 billion in 3988 deals.

An analysis of the investment showed that Mobil led gainers table during the day, gaining 14.40 kobo to close at N160.90 kobo,  Berger Paint Plc followed with a gain of N0.60 kobo to close at N6.70 kobo, Cadbury Nigeria Plc gained N0.60 kobo to close at N6.80 kobo, Africa Prudential Plc added N0.28 kobo to close at N3.70 kobo, Gloxasmith Kline increased by N0.15 kobo to close at N4.00.

On the contrary, MTN Nigeria Communication Plc topped losers chart, dropping by N10.00 to close at N90.00, Zenith Bank Plc trailed by N0.65 kobo to close at N11.95 kobo, Guaranty Trust Bank down by N0.55 kobo to close at N17.90 kobo, International Breweries fell by N0.50 kobo to close at N4.90 kobo, Access Bank declined by N0.35 kobo to close at  N6.05 kobo.

The result showed that Meyer Paint was the most active stock during the day, exchanging 200.989 million shares worth N92.481 million, Champion Breweries followed with account of 89.338 million shares valued at N61.670 million, Zenith Bank Plc traded 48.194 million shares valued at N574.353 million, United Bank for Africa sold a total of 19.163 million shares valued at N98.794 million while FBNHoldings sold a total of 18.810 million shares cost N75.158 million.

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