NSE All Share Index dip by 0.18%, as investors lose N17bn

NSE: Transactions defy 2018 budget signing, down by 0.10%
United Bank for Africa

In spite of relevant improvement from last Friday’s performance, stock market activities on Monday, ended on a negative note as the Nigerian Stock Exchange All Share Index (NSE ASI) lost 0.18 percent to close at 27,707.12. This is compared to a loss of 2.33 percent recorded last Friday to close at 27,756.67 points.

Market Capitalisation which is the total market value of all publicly quoted firms on the NSE, reflecting investor’s worth also lost N17 billion to close at N9.518 trillion compared to N226.2 billion lost in the previous session to close at N9.535 trillion. The day’s transactions recorded 13 gainers to 17 losers, while the year to date losses increased to -3.26 percent from -3.09 percent recorded previously.

Dangote Cement Plc lead the day’s declining stocks following a decline of N1.01 in its share price to close at N175 per share, Nigeria Breweries Plc lost one naira to close at N140 per share, PZ Plc dropped by 93 kobo to close at N17.77 per share, International Breweries Plc depreciated by 76 kobo to close at N19 per share and UCAP Plc fell by one kobo to close at N2.19 per share.

On the flip side Guinness Nigeria Plc led the day’s advancing stocks having improved by 85 kobo to close at N95.5 per share, CAP Plc added 43 kobo to close at N32 per share, UBA Plc followed with a growth of 16 kobo to close at N4.5 per share, Zenith Bank Plc gained 15 kobo to close at N14.95 per share, and OandoPlc appreciated by One kobo to close at N4.86 per share.

The total value of stocks traded on the floors of The NSE amounted to N1.6 billion, while a total of 195.0 million shares exchanged hands in 3,221 deals.

The top three traded stocks were: FBN Holdings Plc that exchanged 53.8 million shares worth N169.5 million, followed by Guaranty Trust Bank Plc with the sale of 23.5 million shares worth N635.7 million, and Diamond Bank that traded 19.4 million stocks valued at N22.4 million.