The sell pressure at the Nigerian Stock Exchange (NSE) continued on Monday with the market indices dropping further by 0.32 per cent following price depreciation posted by some highly capitalised equities.
The All-Share Index lost 100.41 points or 0.32 per cent to close at 31,628.85 against 31,729.26 recorded on Friday.
Similarly, the market capitalisation, which opened at N10.835 trillion, lost N34 billion to close at N10.801 trillion.
An analysis of the price movement showed that Nestle topped the laggards’ chart with a loss of N10 to close at N840 per share.
Nigerian Breweries trailed with a loss of N2.21 to close at N134.30, while Flour Mills dipped N1.61 to close at N30.69 per share.
Mobil dropped by N1 to close at N147.00 and Oando went down by 72k to close at N13.96 per share.
Conversely, Seplat led the gainers’ table, growing by N4.87 to close N335 per share.
7UP garnered N2.75 to close at N189, while Dangote Cement improved by N1.70 to close at N170 per share.
UAC increased by N1.29 to close at N41.30, while Caverton rose by 13k to close at N3.55 per share.
However, Zenith Bank emerged as the most traded equity with an exchange of 150.39 million shares valued N2.85 billion.
Transcorp followed with 17.07 million shares worth N42.29 million ,while Multiverse accounted for 10.90 million shares valued N5.45 million.
Investors staked N50.17 million on 10.02 million shares of Access Bank and Beco Petroleum exchanged 9.79 million shares valued N4.89 million.
In all, a total of 264.36 million shares worth N5.46 billion were traded by investors in 3,049 deals.
This was against the 475.01 million shares valued N3.94 billion exchanged in 3,007 deals on Friday.
Source : BusinessDay