Trading activities on the floor of Nigerian Stock Exchange yesterday returned to bearish trend eight days after the listing of MTN Nigeria at the Exchange, dropping by N302 billion.
Market Capitalisation of listed equities declined by 2.22 per cent to N13.299 trillion from N13.601 trillion reported on Friday. The NSE All Share Index also went down to 30194.71 points from 30881.29 points traded previously.
A break down of the investment during the day showed that MTN Nigeria Communications recorded the highest loss for the day, shedding N10.00 to close at N130.00, Dangote Cement Plc trailed with a loss of N8.00 to close at N192.00, Forte Oil down by N0.35 kobo to close at N27.45 kobo, UAC of Nigeria fell by N0.10 kobo to close at N6.35 kobo while Oando Plc dropped to N0.10 kobo to close at N4.30 kobo.
On the contrary, Unilever Nigeria Plc led gainers table during the day appreciating by N2.70 kobo to close at N33.70 kobo, Ecobank Transnational Incorporated (ETI) followed with a gain of N0.95 kobo to close at N11.00, Dangote Flour Nigeria Plc gained N0.50 kobo to close at N16.60 kobo, Zenith Bank Plc appreciated by N0.20 kobo to close at N19.20 kobo , Guaranty Trust Bank added N0.20 kobo to close N31.30 kobo.
Further analysis showed that Fidelity Bank Plc was the most active stock during the day, exchanging 28.277 million shares worth N49.498 million, Access Bank followed with account of 20.280 million shares cost N117.364 million, United Bank for Africa traded 20.280 million shares cost N114.601 million, MTN Nigeria exchanged 10.217 million shares cost N1.441 billion, Zenith Bank traded 8.731 million shares valued at N168.323 million.
In all, investors traded 148.213 million shares valued at N2.217 billion in 3654 deals
against 294.064 million shares worth N6.628 billion in 4352 deals.
