NSE indices drop by 0.31%

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on depressed note on Monday as some blue chips recorded price losses. The All-Share Index, which opened at 22,622.44, declined by 69.99 points or 0.31 per cent to close at 22,552.45. Similarly, the market capitalisation lost N22 billion or 0.31 per cent to close at N7.192 trillion from the N7.214 trillion recorded on Friday. NewGold led the price losers’ chart, dropping N27 to close at N2, 401 per unit.
Nestle followed with a loss of N9.95 to close at N430 per share, while Guinness lost N5 to close at N235 per share. UBA depreciated by 24k to close at N4.75 per share, while FBN dipped by 20k to close at N11.10 per share. On the other hand, OkomuOil led the gainers’ chart with N1.81 to close at N38.20 per share. Unilever came second with N1 to close at N30 per share, while UACN grew by 97k to close at N34.98 per share.
GlaxoSmithKline appreciated by 95k to close at N19.95 per share, while Julius Berger rose by 89k to close at N30.99 per share. A total of 292.92 million shares worth N2.4 billion were traded in 3,962 deals on the NSE on Monday. This was in contrast to the 278.23 million shares valued at N2.9 billion exchanged in 3,750 deals on Friday.