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Equities Market records 0.83% loss to open week negative

Equities market closed on Monday on a negative note, as Nigerian Stock Exchange All-Share Index depreciated by 0.83 per cent to close at 25,587.09 basis points from 25,802.54 it opened for trading.

The decline on Monday brings equities market performance year-till-date performance to -4.79 per cent attributable to the nation’s macro economy challenges.

Consequently, equities market capitalisation went down by N74.2 billion to close at N8.818 trillion from N8.892 trillion it closed on Friday.

According to NSE charts, Nigeria Breweries, led the gainers’ table when it added 39 kobo to close at N133.5 per share, followed by UCA-Properties that added 17 kobo to close at N3.72 per share, while Guaranty Trust Bank gained 6 kobo to close at N23.08 per share.

Dangote Sugar gained 4 kobo to close at N6.05 per share, while Livestock Feed increased by 3 kobo to close at N0.78 per share.

Petroleum marketer, Total Oil, led the decliners’ table with a loss of 600 kobo to close at N262.00 per share, followed by Dangote Cement, which shed 299 kobo to close at N165.01 per share, Glaxo Smithkline Consumers depreciated by 75 kobo to close at N14.25per share, PZ Nigeria dropped 67 kobo to close at N12.87 per share, while Guinness Nigeria went down by 28 kobo to close at N66.22 per share, among others.

FBN Holdings emerged the most traded equity on Monday with an exchange of 25.253 million shares worth N88.244 million.

It was trailed by Standard Trust Assurance Company having accounted for 20.000 million shares valued at N10.000 million, while Fidelity Bank recorded 13.550 million shares worth N12.102 million; First City Monument Bank exchanged 13.259 million shares valued at N16.682 million while Zenith Bank traded 12.179 million shares worth N187.323 million.

 

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