Transactions on the Nigerian Stock Exchange (NSE) resumed on Monday, on a negative trend as market indicators dropped by 0.25 per cent.
The News Agency of Nigeria (NAN) reports that market capitalisation shed N25 billion or 0.25 per cent to close at N9.87 trillion in contrast with N9.89 trillion achieved on Friday.
Similarly, the All-Share Index which opened at 28,805.42 points lost 71.55 points to close at 28,733.90 points.
An analysis of the price movement chart indicated that Lafarge Africa led the losers’ table with a loss of N3.38 to close at N63.22 per share.
Nestle came second with a loss of N2 to close at N850 per share, while Nigerian Breweries shed 95k to close at N133.08 per share.
Cadbury lost 30k to close at N16 and Oando also shed 28k to close at N6.60 per share.
Conversely, Forte Oil led the gainers’ table with a gain of N14.62 to close at N194.90 per share.
Glaxosmithkline garnered 55k to close at N18.60 per share, while Okomuoil increased by 22k to close at N31.50 per share.
Access Bank rose by 18k to close at N5.58 and Afri Prudential chalked up 11k to close at N3.20 per share.
In spite of the drop recorded by market indices, the volume of shares traded closed higher with an exchange of 315.58 million shares worth N1.72 billion transacted in 3,976 deals.
NAN reports that this was in contrast with 272.53 million shares valued at N1.69 billion exchanged in 4,078 deals on Friday.
Skye Bank emerged the most traded, accounting for 138.26 million shares worth N88.29 million.
It was followed by FBN Holdings which sold 36.89 million shares valued at N136.13 million, while UBA accounted for 30.72 million shares valued at N140.04 million.
Source : Leadership