Stock market opens week on negative note, sheds N26bn

Trading activities on the floor of Nigerian Stock Exchange yesterday opened in a negative trend, declining by N26 billion.

Soecifically, market capitalisation of listed equities fell 0.16 per cent to N15.931 trillion from N15.957 trillion reported at the close of ttansactions on Friday.

The NSE All Share Index also depreciated by 51.30 basis points to 30479.39 points from 30530.69 points traded previously.

Investors exchanged 376.653 million shares worth N3.802 billion in 6050 deals against 807.810 million shares valued at N10.501 billion exchanged hands the previous day in 8113 deals.

The NSE trading result showed that Dangote Sugar Refinery Nigeria Plc led gainers table during the day, appreciating by N1.35 kobo to close at N15.15 kobo, Nascon followed with a gain of N0.85 kobo to close at N13.95 kobo, Flour Mills Nigeria Plc gained N0.70 kobo to close at N28.85 kobo, Fidson Healthcare added N0.20 kobo to close at N4.40 kobo, Glaxosmith Kline added N0.20 kobo to close at N6.20 kobo.

On the contrary, Mobil topped losers chart during the day, dropping by N6.10 kobo to close at N190.00, Ecobank Transnational Incorporated trailed with a loss of N0.50 kobo to close at N5.15 kobo, Julius Berger dipped by N0.45 kobo to close at N17.40 kobo, C &I Leasing sheds N0.44 kobo to close at N3.96 kobo, International Breweries dipped by N0.37 kobo to close at N7.00.

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