NSE Index Shed 0.96% As Mobil Leads Losers

Lagos – Trading activities on the floor of the Nigerian Stock Exchange (NSE) started the new week in the red territory yesterday to shed  the gains recorded last at the last trading day when investor gained N13 billion.

Accordingly, the market capitalisation which opened at N14.784 trillion went down by N42 billion or 0.96 per cent to close at N14.641 trillion.

Similarly the All-Share Index dropped 395.33 basis points or 0.96 per cent to close lower at 40, 533.37 points compared with 40, 928.70 points achieved on Friday.

Mobil Oil led the laggards’ table with a loss of N10.00 to close at N190.00 per share, trailed by Nigerian Breweries which shed 400 kobo to close at N125.00 per share, Presco dropped 200 kobo to close at N70.00 per share, Access Bank declined, which was received into the Premium Board, went down by 25 kobo to close at N11.20 per share, while UACN Property Development Company depreciated by 22 kobo to close at N2.58 per share to complete the top five decliners’ table.

On the other hand, Seplat Petroleum Development Company led the advancers’ table with a gain of N27.60 to close at N725.90 per share. Nestle Nigeria followed when it appreciated by N25.00 to close at N1, 410.00 per share, Unilever Nigeria grabbed 250 to close trading at N51.50 per share, GlaxoSmithKline Consumer advanced by 135 kobo to close at N31.35 per share, while Oando added 65 kobo to close at N7.55 per share, among others.

The total volume and value of stocks bought and sold by investors increased by 15.17 per cent and 53.29 per cent respectively while an aggregate of 192.494 million shares worth N.127 billion were exchanged in 3, 917 deals in contrast to 167.129 million shares valued at N2.039 billion achieved in 3, 454 deals.

Guaranty Trust Bank emerged the most traded stocks, accounting for 37.61 million shares worth N1.654 billion, Japaul Oil followed with 21.346 million shares valued at N10.313 million, Fidelity Bank transacted 13.228 million shares worth N32.571 million.  Zenith Bank sold 11.076 million shares valued at N293.167 million while United Bank for Africa exchanged 10.100 million shares worth N109.535 million, among others.

The post NSE Index Shed 0.96% As Mobil Leads Losers appeared first on Independent Newspapers Nigeria.

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Author: Abdulkadir Umoru