By Amaka Ifeakandu
Investment on the floor of the Nigerian Stock Exchange (NSE) yesterday opened week in bearish trend, dropping by N25 billion. Capitalisation of listed equities fell by 0.19% to N13.127 trillion from N13.153 trillion recorded on Friday.
The NSE All Share Index (ASI) depreciated by 76.36 basis points from 39831.83 points traded the previous day to 39755.47 points on Monday. Investors bought a turnover of 360.028 million shares worth N6.523 billion in 4816 deals against 198.025 million shares valued at N3.097 billion exchanged hand the previous day in 5187 deals.
Julius Berger led gainers table, appreciating by N3.49 kobo to close at N75.49 kobo. UACN followed with a gain of N2.80 kobo to close at N60.80 kobo, while Flour Mills Nigeria advanced by N2.50 kobo to close at N73.00. Cadbury Nigeria grew by N1.47 kobo to close at N75.31 kobo, and Presco improved by N1.20 kobo to close at N36.50 kobo.
On the contrary, Nestle Nigeria recorded the highest loss during the day, shedding N10.01 kobo to close N1069.99 kobo, Lafarge Wapco trailed with a loss of N2.44 kobo to close at N110.06 kobo while Mobil Nigeria declined by N1.00 to close at N129.00. Oando shed N0.98 kobo to close at N19.02 kobo and Caverton Petroleum Development loss N0.68 kobo to close at N6.34 kobo.
Multiverse was the most active stock in volume terms, exchanging 105.000 million shares worth N52.500 million in one deal. Wapic Insurance followed with account of 44.346 million shares valued at N34.910 million in 127 deals, while Oando traded 35.105 million shares worth N724.429 million in 563 deals.
Access Bank Plc took fourth position trading a total of 18.146 million shares cost N169.848 million in 186 deals while Dangote Cement sold 16.991 million shares worth N3.796 billion in 42 deals.
