Stock market loses N189bn

Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in a negative note, shedding N189 billion.

Specifically,  market Capitalisation of listed equities declined by 1.45 per cent to N12.882 trillion from  N13.071 trillion reported on Friday.

The NSE All Share Index also  depreciated 160.59 basis points to 26691.09 points  from 26851.68 points  recorded on Friday.

Investors traded  307.961 million shares worth N2.538 billion in 4609 deals against  469.988 million shares valued at N5.590 billion exchanged hands the previous day in 5594 deals.

A review of the transactions during the day showed that Guinness Nigeria Plc led gainers table during the day, increasing by N2.40 kobo to close at N31.00, Stanbic IBTC followed with a gain of N1.00 to close at N39.00, Custodian Investment Plc gained N0.50 kobo to close at N6.00, Dangote Sugar Refinery Plc added N0.25 kobo to close at N11.95 kobo while UAC of Nigeria increased by N0.15 kobo to close at N6.75 kobo.

On the contrary, Okomu Oil Palm recorded the highest loss for the day, dropping by N2.95 kobo to close at N50.00, Access Bank trailed with a loss of N0.70 kobo to close at N9.80 kobo, Ecobank Transnational Incorporated ETI) down by N0.50 kobo to close at N7.00, United Bank for Africa went down by N0.35 kobo to close at N7.05 kobo while Caverton Offshore Company fell by N0.20 kobo to close at N2.50 kobo.

The result further indicated that UACN Plc was the most active stock during the day, exchanging 102.546 million shares worth N636.152 million, Zenith Bank Plc followed with a gain of 29.544 million shares valued at N555.838 million, United Bank for Africa traded 20.806 million shares cost N147.444 million, Access Bank Plc sold a total of 20.235 million shares cost N195.620 million, FBNHoldings traded 14.666 million shares worth N96.650 million.

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