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Market capitalisation falls by N81bn

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The equities segment of the Nigerian Stock Exchange opened the week on a negative note with the major indicators and majority of the sectoral indices declining.

At the close of trading on Monday, the market capitalisation of the listed equities shed N81bn to close at N13.351tn, as against a N13bn depreciation in the previous session.

Similarly, the NSE All-Share Index was down by 0.63 per cent or 267.41 basis points to close at 41,650.14 basis points, compared to a 0.09 per cent depreciation on Friday, which saw it close at 41,917.55 basis points.

The NSE 30 Index fell by 17.36 basis points or 0.9 per cent to close at 1,902.92 basis points, while the NSE Banking Index dropped 2.94 per cent from 443.07 basis points to close at 430.00 basis points.

Also, the NSE Insurance Index and the NSE Consumer Goods Index depreciated by 1.06 per cent and 0.48 per cent to close at 149.81 basis points and 1,084.59 points, respectively.

In the same vein, the NSE Oil and Gas Index and the NSE Lotus Islamic Index fell by 1.12 per cent and 0.06 per cent to close at 335.89 basis points and 2,917.68 points in that order.

The NSE Industrial Index, however, rose by 0.25 per cent or 6.27 basis points to close at 2,677.26 basis points, while the NSE ASeM Index closed flat at 963.02 basis points.

In all, 355.167 million shares worth N3.822bn were traded in 5,580 deals on Monday as against the 486.982 million shares valued at N6.150bn, which were exchanged in 5,947 deals on Friday.

In terms of price movement, 17 stocks recorded price appreciation while more than double that number, 44, recorded price depreciation.

Costain (West Africa) Plc was the top price gainer for the day, rising by 9.70 per cent or 16 kobo to close at N1.81 per share, followed by Trans-nationwide Express Plc with a 7.57 per cent price appreciation to close at N1.99 per share.

Champion Breweries Plc and Evans Medicals Plc led the price losers after they fell by 4.98 per cent and 4.96 per cent to close at N14.51 and N3.83 per share in that order.

Article Credit: PUNCH Newspaper

Updated 5 Years ago

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