Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in negative trend after governorship elelection, shedding N108 billion.
Specifically, Market Capitalisation of listed equities declined by 0.91 per cent to N11.797 trillion from N11.905 trillion reported on Friday. The NSE All Share Index depreciated by 287.85 basis points to 31636.66 points from 31905 points traded previously. Investors traded 128.374 million shares worth N2.386 billion in 2752 deals against 233.293 million shares valued at N2.270 billion in 3110 deals.
An analysis of the transactions showed that Nascon led gainers table during the day, appreciating by N1.70 kobo to close at N21.70 kobo, Cadbury Nigeria Plc followed with a gain of N1.10 kobo to close at N12.10 kobo, Zenith Bank Plc gained N0.30 kobo to close at N22.75 kobo , Flour Mills Nigeria Plc added N0.25 kobo to close at N19.25 kobo while FBNHoldings added N0.10 kobo to close at N8.20 kobo.
On the contrary, Nestle Nigeria Plc topped losers chart, dropping by N0.30 kobo to close at N1480.00, Okomu Oil trailed with a loss of N1.00 to close at N79.00, Wapco fell by N0.45 kobo to close st N12.50 kobo, Ecobank Transnational Incorporated declined by N0.30 kobo to close at N13.70 kobo, International Breweries down by N0.30 kobo to close at N26.70 kobo.
Further analysis showed that FBNHoldings was the most Active stock during the day, exchanging 34.058 million shares worth N279.192 million, Zenith Bank Plc followed with account 21.300 million shares valued at N484.399 million, United Bank for Africa sold 17.529 million shares cost N134.249 million, Access Bank traded 11.462 million shares valued at N69.220 million, Guaranty Trust Bank exchanged 5.663 million shares worth N211.840 million
