Market capitalisation depreciates by N120b

Transactions on the floor of Nigerian Stock Exchange (NSE) on Monday commenced on a negative note as market capitalisation which opened at N13.672 trillion dropped by N120 billion or 0.89 per cent to close at N13.913 trillion.

  Also, the All-Share Index declined by 343.54 points or 0.89 per cent to close at 38,913.99 compared to 39,257.53 attained on Friday.

 At the end of the day’s transaction, Dangote Cement led the lossers’ chart, dropping N4.10 to close at N240.90 per share.

 Nigerian Breweries followed with a loss of N2 to close at N143, while Unilever was declined by N1.11 to close at N40.50 per share.

  On the flip side, Nestle Plc led the gainers’ table, up by N49.92 to close at N1,460 per share while Mobil Oil followed with a gain of N15.14 to close at N174.96.

  Total appreciated by N1.99 to close at N230 per share while National Salt Company Nigeria gained 89k to close at N18.74, while Dangote Sugar increased by 66k to close at N20.69 per share.

   FBN Holdings emerged as the most active, trading 61.27 million shares worth N553.14 million while Zenith International Bank followed with an account of 35.32 million shares valued at N928.74 million, Diamond Bank exchanged 34.08 million shares worth N 47.58 million.

 At the end of the day, the volume of shares closed lower as investors bought and sold 350.59 million shares worth N4.91 billion exchanged in 4,884 deals.