Stock market loses N99bn

Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday opened the week on a bearish trend as value of traded equities declined by N99 billion.

Specifically, Market Capitalisation of listed equities on Monday decreased by 0.73 per cent  to N13.423 trillion from N13.522 trillion reported on Friday. The NSE All Share Index also depreciated by 204.68 basis points to 27574.32 points from 27779.00 reported the previous day.

A review of transactions during the day showed that Airtel Africa Plc recorded the highest loss, dropping by N35.00 to close at N315.00, Cap Plc trailed with a loss of N1.50 kobo to close at N23.25 kobo, Cement Company of Northern Nigeria dipped by N0.75 kobo to close at N16.15 kobo, Dangote Cement Plc declined by N0.40 kobo to close at N155.00, Unilever Nigeria Plc sheds by N0.30 kobo to close at N29.00.

On the contrary, Okomu Oil led gainers table, growing by N4.50 kobo to close at N52.90 kobo, Guaranty Trust Bank followed with  gain of N0.95 kobo to close at N28.50 kobo, Cadbury Nigeria Plc gained N0.90 kobo to close at N11.65 kobo, Nigerian Breweries Plc added N0.45 kobo to close at N51.50 kobo, Nascon gained N0.30 kobo to close at N13.00.

The result also showed that FBNHoldings Plc was the most active stock during the day, trading 56.575 million shares worth N309.251 million, Guaranty Trust Bank followed with account of 25.932 million shares valued at N731.450 million, Access Bank Exchanged 15.890 million shares cost N118.548 million, Zenith Bank Plc traded a total of 15.754 million shares valued at N306.364 million while fidelity Bank Plc exchanged 14.769 million shares valued at N26.330 million.

In all investors traded 271.236 million shares worth N2.905 billion in 4795 deals against 165

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