NSE equities market sheds 2.43 percent

Salamatu Ejembi, Lagos


The start of this week’s transactions of equities on the floor of the Nigerian Stock Exchange was bearish with the benchmark index falling by 2.43 percent on Monday.

The all share index shed off 530.99 basis points or 2.43 percent to close at 21,330.79 basis points, from previous close of 21,861,78 basis points.

The market capitalisation likewise shed off 2.43 percent or 277 billion naira to close Monday’s trading at 11,116 trillion naira from 11,393 trillion naira on Friday.

The sum of shares traded on Monday stood at a volume of 466,907 million units of shares at the value of N1,933,081 billion in 3,659.00 deals.

Most traded by volume
Meyer PLC was the most traded by volume at 200,989 million units of shares traded while Zenith Bank PLC was the most traded by value at N574,353 million.

Only 26 stocks moved in prices with all others remaining unchanged as 11 stocks gained while 15 stocks declined.

Berger Paints PLC led the gainers on Monday, increasing from N6.10k per share to N6.70k per share by 0.60k or 9.84 percent.

Next was 11 PLC with a move from a selling price of N146.50k per share to N160.90k per share, gaining N14.40k or 9.83 percent.

Cadbury Nigeria PLC gained on its previous selling price of N6.20k per share by 0.60k or 9.68 percent to close at N6.80k per share.

Losing chart
MTN Nigeria Communications PLC which closed at N100.00 per share on Friday, closed on Monday at N90.00 per share, losing N10.00 or 10.00 percent.

WEMA Bank PLC with a previous selling price of 0.52k per share, closed at 0.47k per share, losing 0.05k or 9.62 percent.

International Breweries PLC with an opening selling price of N5.40k per share, stood at N4.90k per share, shedding off 0.50k or 9.26 percent.

Sectoral performances
The banking index, insurance index and consumer goods index all fell by 8.96 basis points or 3.62 percent, 0.61 basis points or 0.52 percent and 3.01 basis points or 0.92 percent, respectively.

Whereas the Oil and Gas and the Industrial index gained by 3.75 basis points or 1.77 percent and 0.11 basis points or 0.01 percent, respectively.


Nneka Ukachukwu