NSE All-Share Index dips by 0.49%

Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on downward trend with the All-Share Index depreciating marginally by 0.49 per cent. The Index lost 188.59 points to close at 37,601.53 from the 37,790.12 recorded on Friday. Similarly, the market capitalisation, which opened at N12.136 trillion, dropped N58 billion to close at N12.078 trillion.

Julius Berger led the losers’ chart with a loss of N3.75 to close at N71.25 per share.

Forte Oil trailed with a loss of N3.36 to close at N90.50, while Nigerian Breweries depreciated by N1.89 to close at N151 per share. Mobile dropped N1.86 to close at N123, while Standbic IBTC Bank lost 65k to close at N20.35 per share.

Conversely, Guinness topped the gainers’ table with N5.15 to close at N169 per share.

Presco followed with a gain of N1.92 to close at N40.72, while Oando rose by N1.64 to close at N17.68 per share. Dangote Sugar appreciated by 87k to close at N9.68, while Berger gained 74k to close at N9.30 per share.

NAN reports that the volume of shares traded dropped by 18.20 per cent as a total of 253.339 million shares worth N3.36 billion were traded in 4,459 deals. This was against the 309.713 million shares valued at N5.06 billion achieved in 4,363 deals on Friday.

 ETI was the toast of investors, accounting for 65.77 million shares worth N887.02 million in 67 deals.

UBA came second on the activity chart with 26.34 million shares valued at N187.46 million traded in 272 deals, while FBN Holdings sold 22.35 million shares worth N269.67 million in 620 deals. Access Bank traded 21.79 million shares worth N165.26 million in 169 deals, while Zenith Bank sold 17.11 million shares valued at N345.72 million in 251 deals.