Investors Lose N39bn in Renewed Profit-taking, As NSE Down 0.26%
UMORU ABDULKADIR
Trading in the Nigerian Stock Market ended in the negative territory on Monday to reverse the 0.13 per cent recorded gains Friday, as the All- Share Index (ASI) closed at 29,552.99 points.
The ASI shed 75.85 basis points or 0.26 per cent to close lower at 29,552.99 points as against 29,628.84 points achieved the previous day while the market capitalisation also declined by N39 billion or 0.26 per cent to end the day at N15.223 trillion in contrast to N15.262 trillion recorded yesterday.
Consequently, the market breadth closed positive with 14 gainers led by Okomu Oil against 13 losers topped by Unilever Nigeria Plc.
Similarly, the market turnover closed mixed, as a total of 444.04 million shares valued at 3.35 billion were traded by investors in 4,306 deals higher than 184.56 million unit of shares worth N3.51 billion the previous trading day, representing 140.51 per cent increase in turnover volume and 4.56 per cent decrease in turnover value.
A look at the activity chart shows that Veritas Kapital recorded the highest turnover with 226.56 million shares valued at N45.3 million exchanged in 8 deals. It was trailed by Zenith Bank with 45.4 million units of shares estimated at N988.9 million traded in 548 deals. Guaranty Trust Bank also makes the cut, when it transacted 26.6 million shares worth N856.16 million across 282 deals.
United Bank for Africa exchanged 17.3 million shares estimated at N146.5 million transacted in 248 deals, while First City Monument Bank accounted for 16.8 million units of shares worth N33 million across 147 deals.
Unilever Plc led the losers’ table with 175 kobo loss to close trading at N15.8 per share. It was followed by Julius Berger Plc which lost 135 kobo to close at 20.15 per share. Zenith Bank also joined the losers’ club on the day when it decline by 50 kobo to close at N21.45 per share.
While Eterna oil dropped 30 kobo to close at N2.85 per share, FBN Holdings also dipped 30 kobo to close the day at N7 per share, among others.
On the other hand, Okomu Oil Led the gainers’ chart today when it recorded 200 kobo gain to close trading at N68 as against N66 it opened with. Nigeria Breweries also advanced by 200 kobo to close at N54 per share. It was followed by Vita Foam which inched up 30 kobo to close at N5.3 per share.
While National Hajj Commission nicked 24 kobo or 9.80 per cent to close at N2.69 per share NPF Micro Finance Bank ended the day 11 kobo gain to close at N1.24 per share, rounding off the top five gainers’ chart.
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