Stock market loses N82bn

Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday sustained declining profile, shedding N82 billion.

Soecifically,Market Capitalisation of listed equities declined further by 0.73 per cent to N11.094 trillion from N11.176 trillion reported the previous trading day. The NSE All Share index also depreciated by 219.35 basis points to  29521.06 points from N27740.41 point traded on Friday. Investor traded 290.189 million shares worth N2.164 billion in 4302 deals against 244.576 million shares valued at N3444 deals.

A review of transactions for the day showed that Forte Oil led gainers table, improving by N2.90 kobo to close at N32.10 kobo, Julius Berger followed with a gain of N2.20 kobo to close at N24.70 kobo, Dangote Flour Mills Nigeria Plc added N1.55 kobo to close at N17.10 kobo, Okomu Oil Palm gained N0.50 kobo to close at N72.50 kobo Cadbury  Nigeria Plc increased by N0.45 kobo to close at N11.80 kobo.

Conversely, Total Nigeria Plc recorded the highest loss during the day, dropping by N15.90 kobo to close at N166.10 kobo, Stanbic IBTC trailed with a loss of N1.90 kobo to close at N45.10 kobo, Cement Company of Northern Nigeria fell by N1.65 kobo to close at N15.35 kobo, Dangote Cement dropped by N0.90 kobo to close at N186.00, Guaranty Trust Bank sheds N0.75 kobo to close at N33.45 kobo

The NSE trading result further indicated that Japual Oil and Maritime recorded the highest volume of activities during the day, exchanging 60.418 million shares worth N17.975 million, Caverton followed with account of 46.903 million shares valued at N125.320 million, UAC of Nigeria sold 41.050 million shares cost N285.973 million, Access Bank exchanged 17.248 million shares cost N115.458 million while FBNHoldings traded 14.168 million shares worth N102.965 million

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