Stock market begins trading week negative

Toyin Ajadi

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Trading activities on the Nigerian Stock Exchange closed on a negative note on Monday as market indicators fell by 0.34%.

 

The market capitalization of equities dropped by 0.34 percent or N74 billion to close at N21.744 trillion as against N21.818 on Friday last week. The All-Share index also depreciated by 0.34 percent or 144.78 basis points to close at 41.564.31 points compared to 41.709.09 points on Friday.

 

The market sentiment was, however, positive as the market recorded 23 gainers relative to 16 losers at the close of trading on Monday.

 

At the end of the day’s trading, 340.28 million shares worth N2.64 billion exchanged hands in 5,251 deals.

 

Guaranty Trust Bank led the losers’ table with a loss of N3.15k to close at N32.85k followed by PZ, which lost 55k to close at N5.10, then Flourmill lost 45k to close at N31.00.

 

On the other hand, Guinness gained 85k to close at N19.85k, then Africa Prudential gained 55k to close at 7.25k and UPDC Real Estate Investment Trust (UPDCREIT) gained 50k to close at N6.00.

 

UBN shares was the toast of investors for the day as it traded 78.808 million shares valued at N457.06 million, followed by First Bank Nigeria Holdings with N54,245 million shares worth N396.42 million.

 

 

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