Investors lose N17bn in stock trading

Equity transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a downward trend with market indicators dropping by 0.18 per cent.

The All-Share Index closed low, depreciating by 49.55 points or 0.18 per cent to close at 27,707.12 compared with 27,756.67 recorded on Friday. Similarly, market capitalisation went down by N17 billion to close at N9.52 trillion against N9.53 trillion achieved on Friday.
Dangote Cement recorded the highest price loss to lead the losers’ table, dropping by N1.01 to close at N175 per share. Nigerian Breweries came second with a loss of N1 to close at N140, while PZ Cussons depreciated by 93k to close at N17.77 per share.
International Breweries decreased by 76k to close at N19 and UCAP dipped 1k to close at N2.19 per share. On the other hand, Guinness topped the gainers’ chart, appreciating by 85k to close at N95.5 per share.

CAP trailed with a gain of 43k to close at N32, while UBA improved by 16k to close at N4.5 per share. Zenith Bank gained 15k to close at N14.95 and Oando Oil dropped 1k to close at N4.86 per share. In the same vein, the volume of shares traded closed lower with an exchange of 195.02 million shares valued at N1.57 billion transacted in 3,221 deals.

This was against 309.45 million shares worth N3.37 billion traded in 3,723 deals on Friday. FBN Holdings drove the turnover volume, having accounted for 53.80 million shares valued at N169.51 million. It was followed by GT Bank with a total of 223.54 million worth N635.67 million and Diamond Bank sold 19.39 million shares valued at N22.45 million. UBA transacted 16.94 million shares worth N74.44 million, while FCMB exchanged 16.64 million shares valued at N18.84 million.