Capital market indices drop further by 0.29%

Transactions at the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a downward trend with the market indices dropping by 0.29 per cent due to profit taking. Tthe market capitalisation lost N32 billion or 0.29 per cent to close at N11.075 trillion against the N11.107 trillion posted on Friday. Similarly, the All-Share Index depreciated by 94.22 points or 0.29 per cent to close at 32,444.12 compared with 32,538.34 achieved on Friday following price depreciation.
Total topped the losers’ chart, dropping by N8 to close at N157 per share. Seplat trailed with a loss of N5.95 to close at N336.05, while Guinness dipped N4.80 to close at N147.20 per share. Nestle lost N3.99 to close at N850.01 and Mobil dipped N2 to close at N148 per share. On the other hand, 7UP led the gainers’ table, growing by N4 to close at N194 per share.
Lafarge Africa came second with a gain of N3.50 to close at N104.50, while Forte Oil increased by N2 to close at N192 per share. Flour Mills appreciated by 50k to close at N34, while ETI gained 35k to close at N22.10 per share. Access Bank was the toast of investors, accounting for 30.659 million shares worth N163.16 achieved in 200 deals.
It was followed by Diamond Bank with a turnover of 19.96 million shares worth N84.82 million in 31 deals. UBA accounted for 12.11 million shares valued N55.46 million traded in 140 deals.
Zenith Bank traded 11.91 million shares worth N226.59 million transacted in 279 deals, while Beco Petroleum sold 9.63 million shares valued N4.82 million transacted in three deals. In all, investors bought and sold 155.87 million shares worth N1.66 billion transacted in 3,230 deals. This was in contrast with 138.55 million shares valued N1.55 billion traded in 2,796 deals on Friday.