ASI dips 1.10% to continue stock market’s negative trend.


Equities market  trading on the Nigerian Stock Exchange (NSE) resumed the week on a negative note as profit-taking dragged indicators down by 1.10 per cent.

The NSE All-Share index depreciated by 310.79 basis points to close at 27,820.49 basis  points as against 28,131.28 basis points market activities closed last week.

In the same vein, market capitalization declined by N106.8 billion to close at N9.564 trillion from N9.670 trillion it opened Monday.

Investors on The Exchange today traded a total of 154.8 million shares worth N2.2 billion in 2,663 deals compared to 142.614 million shares worth N1.051 billion traded last session.

At the close of Monday’s trading Etranzact Plc led nine equities gainers with a 4.65per cent or N0.12 gain to close at N2.70 while Portland Paints Plc added 4.38 per cent or N0.17 to close at N4.05. Followed by FCMB Plc which added 4.28 per cent or N0.08 to close at N1.95 per share.

Livestock Plc rose by 3.40 per cent or N0.05 to close at N1.52 per share, while PZ Cussons Plc increased 3.35 per cent or N0.88  to close at N27.13 per share.

On the other hand, Champion Breweries Plc topped 26 equities losers with a five per cent or N0.20 decline to close at N3.80 per share.

Guinness Nigeria Plc depreciated 4.99 per cent or N6.40 to close at N121.84 per share, while Nigerian Aviation Handling Company Plc fell by 4.96 per cent or N0.19 to close at N3.64 per share.

UAC- Property Plc also dipped by 4.86 per cent or N0.32 to close at N6.26 per share while May and Baker Nigeria Plc dropped 4.76 per cent or 5 kobo to close at N1.00 per share.

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