NSE resumes new trading week with 0.22% loss

The total volume of shares traded declined by 37.2 per cent.

The market closed negative with 19 laggards against 17 gainers [Reuters/Akintunde Akinleye]

Specifically, the All-Share Index, which opened the week at 38,648.48 lost 86.64 or 0.22 per cent to close at 38,561.84.

Consequently, the month-to-date and year-to-date losses increased to 3.1 per cent and 4.2 per cent, respectively.

Also, the market capitalisation dipped N46 billion to close at N20.175 trillion from N20.221 trillion recorded on Friday.

The loss was driven by price depreciation in large and medium capitalised stocks amongst which are; Nigerian Breweries, Guaranty Trust Bank, Guinness Nigeria, Dangote Sugar Refinery and International Breweries.

The market closed negative with 19 laggards against 17 gainers.

Regency Alliance Insurance led the losers' chart in percentage terms, losing 9.09 per cent to close at 30k per share.

Livestock Feeds followed with a loss of 8.50 per cent to close at N1.83, while Nigerian Breweries dipped 5.34 per cent to close at N47 per share.

Lasaco Assurance and Jaiz Bank shed 4.62 per cent each to close at N1.24 and 62k per share, respectively.

Conversely, Wapic Insurance dominated the gainers' chart in percentage terms with a growth of 10 per cent to close at 55k per share.

Northern Nigeria Flour Mills trailed with a gain 9.73 per cent to close at N6.20, while Smart Products grew by 8.33 per cent to close at 26k per share.

NEM Insurance rose by 7.88 per cent to close at N2.19, while Berger Paints appreciated by 7.44 per cent to close at N6.50 per share.

Similarly, the total volume of shares traded declined by 37.2 per cent as investors bought and sold 184.53 million shares worth N2.52 billion traded in 3,527 deals.

This was in contrast with 293.97 million shares valued at N3.77 billion achieved in 3,760 deals on Monday.

Transactions in the shares of FBN Holdings topped the activity chart with 31.14 million shares worth N225.98 million.

Notore Chemical followed with an exchange of 22 million shares valued at N1.38 billion, while Fidelity Bank traded 15.28 million shares worth N35.31 million.

Sovereign Trust Insurance accounted for 10.79 million shares valued at N2.42 million, while Transcorp transacted 8.68 million shares worth N7.11 million.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Soldier takes pregnant wife to hospital for delivery, beats up 2 nurses, breaks one’s leg

Soldier takes pregnant wife to hospital for delivery, beats up 2 nurses, breaks one’s leg

Socialite Cubana Chief Priest accuses BBNaija's Maria of 'stealing' his sister's husband

Socialite Cubana Chief Priest accuses BBNaija's Maria of 'stealing' his sister's husband

7 weird things that happen during sex, and they're normal

7 weird things that happen during sex, and they're normal

Paul Okoye shares Cubana Chief Priest's phone numbers as he continues to defend BBNaija's Maria

Paul Okoye shares Cubana Chief Priest's phone numbers as he continues to defend BBNaija's Maria

10 countries where prostitution is legal

10 countries where prostitution is legal

Davido and Chioma spotted together for the first time since rumoured breakup

Davido and Chioma spotted together for the first time since rumoured breakup

Pulse Exclusive : New court documents claim BBNaija's Maria's alleged partner is in court to dissolve marriage

Pulse Exclusive : New court documents claim BBNaija's Maria's alleged partner is in court to dissolve marriage

Actress Esther Nwanchukwu calls Junior Pope her 'man friend' months after she tattooed his initials on her body

Actress Esther Nwanchukwu calls Junior Pope her 'man friend' months after she tattooed his initials on her body

7 things every woman wants to hear during sex

7 things every woman wants to hear during sex