Blue chips shed weight, market cap falls

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a negative note with major equities recording price depreciation.

The All-Share Index declined by 128.26 points or 0.39 per cent to close at 33,030.82 against the 33,159.08 achieved on Friday. Also, the market capitalisation dropped N41 billion to close at N10.560 trillion compared with N10.601 trillion posted on Friday.

Total topped the losers’ table, dropping N15 to close at N142 per share. Lafarge Wapco came second on the losers’ table with a loss of N5.01 to close at N71.99, while Dangote Cement lost N2.73 to close at N156.12 per share.

Presco dipped by 50k to close at N24, while UBN depreciated by 40k to close at N8.60 per share.
On the other hand, Guinness recorded the highest price gain, gaining N11.56 to close at N264.60 per share.

UACN trailed with a gain of N1 to close at N57, while Access Bank improved by 37k to close at N9.49 per share.

Stanbic IBTC gained 34k to close at N13.70, while FBN Holdings rose by 33k to close at N19.93 per share.

Investors staked N2.76 billion on 197.17 million shares in 4,820 deals compared with 123.54 million shares worth N1.61 billion traded in 3,876 deals on Friday.

Courtville emerged the most traded stock, accounting for 27.03 million shares valued at N13.51 million.

Skye Bank followed with a total of 17.94 million shares worth N98.89 million, while FBN Holdings sold 14.27 million shares valued at N282.82 million.

Source: PM News