Nigeria: Market indices point southwards -

Categories: Nigeria News

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish note as major equities recorded price losses.

As a result of the losses, the market indicators depreciated by 0.19 per cent.The All-Share Index also lost 73.38 points to close at 38,350.96 as against 38,424.34 posted on Friday.

Also, the market capitalisation, which opened at N12.168 trillion lost N23 billion or 0.19 per cent to close at N12.145 trillion.

Lafarge Wapco topped the losers’ chart with N8 to close at N100 per share.Julius Berger trailed with N1.43 to close at N179.33 per share, while Dangote Cement lost N1 to close at N195 per share.

Stanbic IBTC dipped by 84k to close at N18, while Live Stock lost 51k to close at N4.68 per share.On the other hand, GlaxoSmith led the gainers’ table by N3.50 to close at N63.50 per share.

It was followed by Nigerian Breweries with a gain of N1.43 to close at N179.33, while BetaGlass gained N1.09 to close at N11.99 per share.

PZ gained 40k to close at N46 per share, while GTBank appreciated by 28k to close at N25.60 per share.In all, a total of 375.50 million shares worth N3.02 billion were traded in 5,552 deals.

This is against 281.07 million shares valued at N3.5 billion traded in 5,407 deals on Friday.

UBA drove the turnover volume, accounting for 67.94 million shares worth N597.31 million.

Sterling Bank came second on the activity chart with 61.43 million shares valued at N173.47 million, while Transcorp accounted for 34.07 million shares worth N47.75 million.

Posted in Nigeria News. A DisNaija.Com network.

Source: PM News

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