NSE market indices down by 1.07 per cent

Trading at the Nigerian Stock Exchange (NSE) resumed for the week on Monday still on a negative trend with the market indicators dropping by 1.07 per cent. The market capitalisation lost N106 billion to close at N9.808 trillion against N9.914 trillion recorded on Friday. Also, the All-Share Index dropped further by 308.86 points or 1.07 per cent to close at 28,532.81 as against 28,841.67 posted on Friday.
Nigerian Breweries topped the losers’ chart, dropping by N2.69 to close at N125.01 per share. Stanbic IBTC trailed with a loss of N1.04 to N19.85, while Dangote Cement lost 92k to close at N165 per share. GT Bank dipped 87k to close at N22.51 and Zenith Bank shed 82k to close at N16.18 per share. Conversely, Seplat led the gainers’ table growing by N3 to close at N230 per share. 7UP came second with N2.91 to close at N183.01, while FBN Holdings gained 42k to close at N5.45 per share.
Eterna increased by 4k to close at N1.85 and Unity Bank also gained 4k to close at N1.20 per share. Continental Reinsurance was the most traded equity with 69 million shares worth N72.45 million. FBN Holdings accounted for 42.59 shares valued at N217.19 million, while Access Bank sold 15.64 million shares worth N72.69 million.
Sterling Bank exchanged 9.26 million shares valued at N18.43 million and UBA sold 9.09 million shares worth N33.091 million. In all, investors’ staked N1.09 billion on 202.21 million shares transacted in 2,614 deals as against 236.87 million shares worth N4.15 billion traded in 2,501 deals on Friday.