NSE All-Share Index drops by 0.52% due to profit taking

Activities on the Nigerian Stock Exchange (NSE) on Monday resumed for the week on a negative note as market indices dropped by 0.52 per cent due to profit taking.
The All-Share Index lost 134.83 points or 0.52 per cent to close at 25,853.58 against 25,988.40 achieved on Friday.
Similarly, the market capitalisation lost N46 billion to close at N8.893 trillion against N8.939 trillion following price loses by some blue chips. An analysis of the price movement indicated that 7UP topped the losers’ chart, dropping N8.07 to close at N153.43 per share. Nigerian Breweries came second with a loss of N3 to close at N97, while Dangote Cement shed N2 to close at N163 per share.
Lafarge Africa dropped N1.45 to close at N84.05, while Flour Mills lost 64k to close at N19.52 per share. Conversely, Conoil led the gainers’ table growing by N1.68 to close at N18.24 per share. Seplat followed, gaining N1 to close at N351, while UACN appreciated by 99k to close at N20.95 per share. Zenith International Bank rose by 55k to close at N12.90, while National Salt appreciated by 37k to close at N7.87 per share.
GTBank drove the activity chart, accounting for 21.59 million shares worth N363.64 million.
Zenith Bank came second with 20.57 million shares valued at N264.29 million, while Diamond Bank traded 14.20 million shares worth N20.29 million. Oando sold 14.193 million shares worth N77.884 million while Transcorp exchanged 13.10 million valued at N15.34 million. In all, investors staked N1.41 billion on 174.50 million shares in 3,632 deals. This is against 165.98 million shares worth N1.30 billion traded in 2,895 deals on Friday.