NSE index falls by 0.81%

The equities segment of the Nigerian Stock Exchange opened the week on a negative note as major market indicators declined on Monday.

The NSE All-Share Index fell by 0.81 per cent or 283.44 basis points from 35,005.05 basis points to 34,721.61 basis points, while the market capitalisation of the listed equities declined by N97bn or 0.81 per cent to N11.831tn.

It was a mixed performance for the other market indicators with the NSE 30 Index, which tracks the performance of the 30 top stocks on the Exchange, and the NSE Alternative Securities Market Index closing unchanged at 1,607.58 basis points and 1,212.94 basis points, respectively.

The NSE Banking Index and the NSE Insurance Index edged up by 0.37 per cent and 0.28 per cent to close at 405.23 basis points and 146.46 per cent, while the NSE Consumer Goods Index declined by 0.4 per cent to 888.96 basis points.

Also down were the NSE Oil and Gas Index, which dipped by 0.54 per cent to 411.35 basis points and the NSE Lotus Islamic Index that closed lower at 2,225.85 basis points, indicating a 1.2 per cent drop.

The NSE Industrial Index fell by 1.3 per cent to 2,082.81 basis points.

A total of 32 stocks recorded price appreciation, while 22 equities recorded price depreciation.

The National Salt Company of Nigeria Plc topped the gainers, rising by 5.06 per cent or 43 kobo to close at N8.92 per share.

It was followed by Ashaka Cement Plc, which rose by five per cent or N1 to close at N21.02 per share.

Flour Mills of Nigeria Plc and Vono Products Plc appreciated by five per cent and 4.95 per cent to close at N35.70 and N1.06 per share, respectively.

The Cement Company of Northern Nigeria gained 4.85 per cent to close at N11.68 per share, while Neimeth International Pharmaceutical Plc rose by 4.21 per cent to close at 99 kobo per share.

On the other hand, Costain (West Africa) led the losers, shedding five per cent or five kobo to close at 95 kobo per share; followed by National Aviation Handling Company Plc, which was down by 4.96 per cent or 34 kobo to close at N6.52 per share.

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