Capital market indices down by 0.04 per cent

Transactions at the Nigerian Stock Exchange (NSE) opened for the week on negative note, as the market indicators dropped by 0.04 per cent. The market capitalisation lost four billion naira to close at N10.772 trillion compared with N10.776 trillion posted on Friday.
Similarly, the All-Share Index, which opened at 31,441.71, depreciated by 14.03 points or 0.04 per cent to close at 31,427.68. A breakdown of the price movement chart indicated that Mobil Oil recorded the highest gain to lead the gainers’ chart, improving by N5 to close at N165 per share. Dangote Cement followed with a gain of N4 to close at N185 while 7UP Bottling Company gained N1.50 to close at N194 per share.
Presco increased by N1 to close at N32 and Roads grew by 31k to close at N6.60 per share.
On the other hand, Forte Oil led the losers’ chart dropping by N4 to close at N204 per share. Nigerian Breweries trailed with a loss of N3.50 to close at N131.50, while PZ Industries declined by N1.46 to close at N33.05 per share. UACN and Zenith Bank shed 75k and 70k, respectively, to close at N36.25 and N16.20 per share each. E-transzant emerged the most traded equity, accounting for 40.47 million shares worth N145.68 million. Zenith Bank followed with 16.83 million shares valued N283.24 million, while Transcorp sold 9.66 million shares worth N25.82 million.
Fidelity Bank traded 8.89 million shares valued N13.62 million and Access Bank exchanged 7.74 million shares valued N37.01 million. Over all, investors’ staked N1.43 billion on 146.70 million shares traded in 3,262 deals. This was against 524.65 million shares worth N2.33 billion exchanged by investors in 3,432 deals on Friday.