Market index dips by 0.65%

Stock market activities ate the Nigerian Stock Exchange on Monday closed negative as the All-Share Index fell by 0.65 per cent or 236.19 basis points to close at 35,861.88 points.

The market capitalisation of the listed equities also shed N75bn or 0.65 per cent to close at N11.418tn,down from N11.11.493tn recorded in the previous session.

With the exception of the NSE-ASeM, which closed flat at 962.31 basis points all other indices closed lower.

The NSE-30 Index fell by 12.21basis points or 0.72per cent to close at 1,674.28 points, the NSE Consumer Goods Index shed 0.85 per cent or 8.61 basis points to close at 1,001.73 points, while the NSE Banking Index fell by 1.11 per cent or 4.3 basis points to close at 381.98 points.

Also, the NSE Insurance Index fell by 1.38 basis points or 1.02 per cent to close at 133.67 points, while the NSE Oil and Gas Index dipped by 0.75 per cent or 1.42 basis points to close at 187.40 points.

The banking sub-sector led on the activity chart, accounting for 65.02 per cent of the 196.576 million shares valued at N2.087bn exchanged in 4,027 deals for the day.

In the sector, 127.831 million shares worth N834m were traded in 1,454 deals.

Diamond Bank Plc, Access Bank Plc, Wema Bank Plc and Unity Bank Plc drove volume in the sector.

A total of 24 stocks recorded price appreciation, while 28 others recorded losses.

Jos International Breweries Plc led on the gainers' chart, rising by 9.97 per cent or 75 kobo to close at N8.27 per share.

Airline Service and Logistics Plc followed, rising by 9.85 per cent or 33 kobo to close at N3.68 per share.

University PressPlc, on the other hand, topped the price losers' chart, shedding 10 per cent or 40 kobo to close at N3.60, followed by WAPIC Plc and HIS Plc which fell by 10 per cent and 9.97 per cent to close at 81 kobo and N2.98 per share.