NSE market capitalisation lost ₦17 billion
Equity transactions on the floor of the Nigerian Stock Exchange, NSE, yesterday opened the week with a lull as the market capitalisation lost ₦17 billion from ₦14.931 trillion to close at ₦14.914 trillion.
Following price losses recorded by Bellweather capitalised stocks, the All-Share Index (ASI) dropped 0.11 per cent or 45.90 basis point to close at 41,172.82 points.
Market breadth was, however, positive as 21 stocks advanced while 18 others fell. Eterna Oil topped the gainers’ chart with 9.76 per cent to close at N6.30 per share, CiLeasing followed with 5 per cent to close at ₦1.89; Oando Plc added 4.79 per cent to close at ₦8.75. AIICO gained 4.35 per cent to close at 0.72 kobo while Mutual Benefit appreciated by 3.85 per cent to close at 0.27 kobo per share.
On the flip side, Unity Bank led the losers with 5 per cent to close at ₦1.14 per share. UAC-Prop trailed with 4.88 per cent to close at ₦2.34, NPF Microfinance Bank lost 4.74 per cent to close at 0.81 kobo, Linkage Assurance fell by 4.71 per cent to close at 0.81 kobo while First Aluminium depreciated by 4.08 per cent to close at 0.47 kobo.
Lasaco was the most active traded stock for the day with a sale of 24.32 million shares valued at ₦9.67 billion. GT Bank sold 20.68 million shares valued at ₦937.57 million while Sovereign Insurance transacted 16.58 million shares worth ₦3.63 billion.
Overall, the total volume of stocks traded stood at 221.395 million shares valued at ₦2.56 billion in 5,629 deals as against 283.62 million shares worth ₦4.22 billion exchanged in 4,187 deals on Friday.
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