Nigerian equities market down by 0.11percent

Activities on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a negative note as transactions at the market indicated a dropped of 0.11 per cent.

The  market capitalisation which opened at N9.42 trillion lost N11 billion to close at N9.41 trillion.

Similarly, the All-Share Index shed 30.88 points or 0.11 per cent to close at 27,394.98 points compared with 27,425.86 points posted on Friday.

Losers

A breakdown of the price movement chart revealed that Total topped the losers’ chart, dropping by N12.07 per share to close at N222.60 per share.

Nigerian Breweries came second with a loss of N3.03 to close at N130 per share, followed by MRS, which dipped by N2.13 to close at N40.60 per share.

Flour Mill dropped 98k to close at N20 per share and 7UP Bottling Nigeria Plc declined by 70k to close at N119.50 per share.

Gainers

On the other hand, Seplat led the gainers’ table, growing by N7.40 to close at N250 per share.

Guaranty Trust Bank followed with a gain of 84k to close at N23.93, while Lafarge Africa gained 35k to close at N51.50 per share.

Dangote Sugar increased by 33k to close at N6.98, while Access Bank appreciated by 12k to close at N5.60 per share.

Also, the volume of shares traded closed lower with an exchange of 118.37 million shares worth N1.27 billion achieved in 2,899 deals.

Monday’s performance was against the 120.84 million shares valued at N1.27 billion traded in 3,307 deals on Friday.

FBN Holdings was the toast of investors, exchanging 32.69 million shares worth N108.52 million.

Access Bank sold 17.12 million shares valued at N95.42 million and Fidelity Bank accounted for 8.39 million shares worth N8.80 million.

Zenith Bank traded 7.53 million shares worth N120.80 million, while FCMB Group exchanged 7.11 million shares valued at N9.37 million.