NSE market indicators drop by 0.70%

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on depressed note on Monday as some major blue chips recorded price losses. A total of 277.36 million shares worth N3.3 billion were traded in 4,310 deals. This was against the 228.63 million shares valued at N2.1 billion exchanged in 4,193 deals on Friday.
The All-Share Index, which opened at 27,685.54, depreciated by 192.65 points or 0.70 per cent to close at 27,492.89. Also, the market capitalisation shed N62 billion or 0.70 per cent to close at N8.846 trillion against the N8.846 trillion recorded on Friday. The Nestle led the losers’ chart with a loss of N5 to close at N705 per share. Guinness followed with a loss of N5 to close at N260 per share, while Nigerian Breweries dipped by N4.95 to close at N160.05 per share. UACN dropped 97k to close at N43.01 per share, while Oando lost 70k to close at 13.33k per share.
On the other hand, PZ Cussons recorded the highest price gain of N1.54 to close at N28.59 per share. International Breweries trailed with N1.42 to close at N15.62 per share, while Total grew by N1.32 to close at N123 per share. Dangote Sugar appreciated by 12k to close at N5.93 per share, while FCMB share price chalked up with 9k to close at N3.30 per share.