NSE: Benchmark index depreciates by 0.17%

Salamatu Ejembi, Lagos


The Nigeria’s equities market started the week on a bearish note, as the benchmark index dipped by 0.17% following sell-offs in DANGOTE CEMENT PLC and ACCESS BANK PLC.

The All Share Index stood at 27,650.28 basis points in comparison to Friday’s close of 27,698.69 basis points while the Market Capitalisation dropped from Friday’s close of N13.484 trillion to close on Monday at  N13,460 trillion.

The total volume of trades decreased by 38.3% to close at 109.56 million units, valued at N888.17 million and exchanged in 3,382 deals.

FBN HOLDINGS PLC was the most traded stock by volume and value at 28.29 million units and NGN114.29 million respectively.

All sectors recorded negative returns, save for the Banking sector which gained by 1.6%.

The Insurance Index fell by 1.31%, Consumer Goods Index fell by 0.32%, Oil & Gas Index fell by 0.25%, and Industrial Goods Index fell by 0.24%.

Also, Market sentiment, as measured by market breadth, was negative with 18 stocks recording gains compared to 24 losers.

Topping the gainers’ list is NCR (NIGERIA) PLC which opened trading at N4.50 per share and closed at N4.95 per share, gaining 0.45kobo or 10.00 percent.

Followed by TRANS-NATIONWIDE EXPRESS PLC. which commenced trading at 0.70kobo per share and closed at 0.77kobo per share, gaining 0.07kobo or 10.00 percent.

Then ETERNA PLC was next with an opening price of N2.75 per share and a closing price of N3.00 per share, gaining 0.25kobo or 9.09 percent.

Conversely however, PRESCO PLC led the losers’chart when it commenced transactions at N44.80 per share and closed at N40.35 per share, depreciating therefore by N4.45kobo or 9.93 percent.

The UACN PROPERTY DEVELOPMENT COMPANY PLC opened at N1.42 kobo per share and closed at N1.28 kobo per share, falling by 0.14kobo or 9.86 percent while VITAFOAM NIG PLC which begun at N4.29 Kobo per share, stood at N3.87 Kobo per share at the close of Monday’s trading and depreciated by 0.42 Kobo or 9.79 percent.

Peace PIAK