NSE: Market index drops by 0.5%

Equity trading activities on the Nigerian Stock Exchange (NSE) closed on a negative note on Monday, extending the losses recorded last week.

The NSE’s All-Share Index fell by 0.5 per cent or 188.59 basis points from 37,790.12 points on Friday, to 37,601.53 points.

The  market capitalisation of the listed shares also fell by 0.5 per cent or N61bn from N12.139tn last Friday, to close at N12.078tn.

The NSE-30 Index fell from 1,702.97 basis points on Friday, to 1,689.80 points, while the NSE Banking Index fell to 378.02 basis points, down from 385.57 points.

However, the NSE Consumer Goods Index rose to 927.87 basis points up from 926.24 points recorded on Friday’s close.

A total of 22 stocks recorded price depreciation while 24 stocks gained marginally at the close of trading activities.

Air Services and Logistics Plc emerged the highest loser of the day, shedding 9.22 per cent or 27 kobo to close at N2.66 per share.

Julius Berger Nigeria Plc and Neimeth Pharmacy Plc also shed five per cent each to close at N71.25 and N1.52 per share, respectively, while Mansard Insurance Plc and Ikeja Hotel Plc lost 4.7 per cent each to close at N2 and 60 kobo per share in that order.

On the other hand, Oando Plc led 23 other companies on the price gainers’ chart, rising by 10.22 per cent or N1.64 to close at N17.68 per share.

Dangote Sugar Refinery Plc also gained 9.8 per cent or 87 kobo to close at N9.68 per share.

UBA Capital Plc and Berger Paints Plc gained 9.6 per cent and 8.6 per cent each to close at N2.50 and N9.30 per share respectively.

Livestock Feeds Plc, Presco Plc and Cutix Plc also gained 4.9 per cent each to close at N3.39, N40.72 and N1.91 per share respectively, while University Press Plc gained 4.8 per cent to close at N3.50 per share.

At the end of transactions on Monday, investors exchanged 253.339 million shares, valued at N3.359bn in 4,459 transactions.

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