NSE market indices depreciate by 0.32%

Weekly activities on the Nigerian Stock Exchange (NSE) resumed on depressed note on Monday as the market indices depreciated by 0.32 per cent due to price losses. The market capitalisation, which opened at N7.137 trillion, lost N23 billion to close at N7.114. Similarly, the All-Share Index lost 71.5 points to close at 22,309.61 from the 22,381.11 achieved on Friday A total of 191.58 million shares valued at N2.28 billion were traded in 4,020 deals on Monday against the 281.79 million shares worth N2.19 billion exchanged in 3,988 deals on Friday.
The financial services sector was the toast of investors with 145.22 million shares worth N958.78 million traded in 2,180 deals. Goldlink Insurance was the most active stock, trading 29.71 million shares worth N16.93 million in 13 deals. UBA came second, accounting for 24.82 million shares valued at N103.42 million in 228 deals. Guinness led price losers’ chart with a loss of N11.75 to close at N223.25 per share.
Total lost N6.94 to close at N132.01 per share, while Okomuoil dipped by N1.62 to close at N30.87 per share. Presco lost 75k to close at N14.26 per share, while Dangote Flour depreciated by 34k to close at N6.59 per share. On the other hand, NewGold topped the price gainers’ chart, appreciating by N6 to close at N2,442 per unit. Ashakacement gained 42k to close at N10.88 per share, while ETI gained 32k to close at N11.40 per share. NAHCO rose by 29k to close at N6.19 per share, while PZ Cussons chalked up 20k to close at N23.20 per share.