Equities Market Opens Week In Red, Slides By 0.81% | Independent Newspapers Limited
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Equities Market Opens Week In Red, Slides By 0.81%

Posted: Oct 18, 2016 at 3:42 am   /   by   /   comments (1)



Bamidele Ogunwusi



The free downward movement that characterised trading on the floor of The Nigerian Stock Exchange (NSE) last week continued on Monday when the twin market indicators, the All Share Index and market capitalization, closed lower as they went down by 0.81 percent each.

The All Share Index closed at 27,623.99 points after it went down by 226.04 basis points or 0.81 percent from 27,861.03 it closed on Friday, while market capitalisation declined by N77.63 billion to close at N9.492 trillion.

Petroleum marker, Forte Oil, led the decliners’ table on Monday with a loss of 725 kobo to close at N137.87 per share, followed by Seplat Petroleum development Company, which shed 588 kobo to close at N380.00 per share. Nigerian Breweries dropped 465 kobo to close at N144.05 per share; GlaxoSmithKline Consumer depreciated by 91 kobo to close at N17.48 per share; while Cadbury Nigeria went down by 78 kobo to close at N14.89 per share, among others.

Wema Bank led the gainers’ table when it added 4 kobo to close at N0.66 per share, followed by African Prudential which also appreciated by 4 kobo to close at N2.72 per share. First City Monument Bank grabbed 3 kobo to close at N1.14   per share; WAPIC Insurance gained 2 kobo to close at N0.52 per share, while National Salt Company of Nigeria increased by 1 kobo to close at N8.01 per share, among others.

Access Bank emerged the most traded equity on Monday with an exchange of 100.012 million shares worth 70.008 million.  Transnational Incorporated trailed it having accounted for 49.561 million shares valued at N49.620 million while Costain West Africa recorded 32.064 million shares worth N16.032 million.

FBN Holdings exchanged 15.367 million shares valued at N46.031 million while United Bank for Africa traded 10.123 million shares worth N42.836 million.


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