Equity transaction in NSE opened in downward trend

By The Citizen
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Equity transactions on the Nigerian Stock Exchange (NSE), on Monday, opened for the week in a downward trend with the market indices dropping marginally by 0.31 per cent.

The All-Shares Index decreased by 125.7 points or 0.31 per cent to close at 40,647.80 against 40,773.50 achieved on Monday, Feb. 7.

Similarly, the market capitalisation, which opened at N13.070 trillion, depreciated by N41 billion or 0.31 per cent to close at N13.029 trillion.

An analysis of the price movement chart indicated that Nestle recorded the highest loss to lead the losers’ table by N5 to close at N1,135 per share.

Oando trailed with a loss of N1.02 to close at N20.81 per share.

Nigerian Breweries depreciated by 50k to close at N153.50, while GTBank and Zenith Bank lost 43k each to close at N27.05 and N21.80 per share respectively.

Conversely, Julius Berger topped the price gainer’s chart with N3.05 to close @ N74.05 pre share.

It was followed by Presco with a gain of N2.19 to close at N46.18, while Betaglas appreciated by 97k to close at N20.44 per share.

Union Dicon gained 30k to close at N12.45, while and Dangote Sugar appreciated by 25k to close at N11.89 per share.

The volume of shares traded increased by 63.09 per cent as an exchange of 445.475 million shares worth N5.23 billion were traded in 4,591 deals.

This was in contrast to the 273.137 million shares valued at N3.18 million traded in 5,065 deals on Friday.

NEM emerged the most traded stock with 165.20 million shares valued at N130.39 million.

It was followed by Zenith Bank with 34.68 million shares worth N756.28 million, while FBN Holdings traded 30.00 million shares worth N454.01 million.

Transcorp sold 29.32 million shares worth N125.60 million, while LawUnion accounted for 20.05 million shares worth N10.03 million