NSE market indices down by .08% in cautious trading

Trading resumed on the Nigerian Stock Exchange (NSE) Monday on a low note, with market indicators dropping marginally by 0.08 per cent amid cautious trading by investors. The All-Share Index shed 21.97 points or 0.08 per cent to close at 27,574.85 points compared with 27,596.82 points achieved on Friday.
Also, market capitalisation lost N7 billion to close at N9.47 trillion against N9.48 trillion posted on Friday. Mobil Oil recorded the highest price loss of N4.46 to lead the losers’ chart, closing at N185.54 per share. It was followed by Cadbury with a loss of N1.25 to close at N11.88 and PZ dipped 83k to close at N16.65 per share. Union Bank of Nigeria lost 25k to close at N4.50, while Ecobank Transnational went down by 17k to close at N9.96 per share.
On the other hand, Guinness topped the gainers’ table, growing by 50k to close at N80.50 per share. Nigerian Breweries also appreciated by 50k to close at N145.50 and Lafarge Africa grew by 49k to close at N43.50 per share. Zenith Bank improved by 25k to close at N15, while Vitafoam advanced by 6k to close at N2.64 per share.
Investors bought and sold a total of 101.18 million shares valued at N1.06 billion transacted in 2,256 deals. This was in contrast with 70.94 million shares worth N656.02 million exchanged in 1,973 deals on Friday.
Zenith Bank was investors delight, accounting for 20.79 million shares worth N311.92 million. Guaranty Trust Bank came second with a turnover of 9.52 million shares valued at N230.55 million and Access Bank traded 7.85 million shares worth N44.35 million.
NAN reports that United Bank for Africa traded 7.69 million shares valued at N32.53 million, while FCMB Group exchanged 7.39 million shares worth N8.31 million.