Equities start the week on bearish stance

By Chiamaka Okechukwu, Lagos.

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Nigeria’s equities market resumed the first trading day of the month on the red line as key indices stood at 0.13 percent.

This coming few day after trading activities on the floor of the Nigerian Stock Exchange, NSE finished the month of January impressive to emerge the best performing exchange in Africa.

The major market indicators NSE All-Share Index and market capitalisation both depreciated by 0.13 percent to close at 42,358.90 and N22.15tn lower than the

42,412.66 and N22.18tn recorded at the end of business on Friday respectively

A total turnover of 586.80 million shares worth N6.02bn in 7,661 deals were traded by investors on the floor of the Exchange today.

Gainers

Top gainers for the day include Seplat which made 1.02 percent profit to close at N495.00 from an opening of N490.00.

MRS followed with 8.94% to close at N13.40 from an opening of N12.30 kobo per share while UAC Nigeria had 7.19 percent to close at N8.95 from an opening of N8.35 kobo per share.

Losers 

On the flipside, Nestle Nigeria lost 3.36 percent to close at N1,450.00 from an opening of N1,505.00.

Julius Berger followed with 7.28 percent to close at N21.00 from an opening of N22.65 while Flour Mills Nigeria had 3.17 percent to close at N33.60 from an opening of N34.70 kobo per share.

Biggest volume 

UBN had the biggest volume with 79,585 million shares valued at N469.65 million and Transcrop trailed with 61,758 million shares valued at N64, 675 million.

 

Dominica Nwabufo

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