By citybusinessnews@yahoo.com –
Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion.
Specifically, market capitalisation which opened for the week on Monday at N12.593 trillion lost N60 billion or 0.48 per cent to close at N12.533 trillion.
Also, the All-Share Index lost 174.58 points or 0.48 per cent to close at 36,412.73 compared with 36,587.31 achieved on Friday.
At the end of the day’s transaction, a breakdown of the price movement table showed that Lafarge Africa topped the losers’ table with a loss of N5.46 to close at N50.54 per share while Nigerian Breweries followed with a loss of N3.01 to close at N157.
Presco Plc dropped by N3 to close at N65 per share while Zenith International Bank lost 89k to close at N25.10 and Guinness depreciated by 65k to close at N100.35 per share.
On the flip side, International Breweries led the gainers’ table, gaining N5.22 to close at N56.23 per share while Flour Mills Nigeria followed with a gain of 80k to close at N30 and UACN added 78k to close at N16.89 per share.
Meanwhile, Access Bank gained 30k to close at N9.80, while Red Star appreciated by 23k to close at N4.98per share.
Also on Monday, the volume of shares traded rose by 137.95 per cent with an exchange of 253.54 million shares worth N2.69 billion traded in 3,609 deals.
This was in contrast with turnover of 106.55 million shares valued at N1.88 billion exchanged in 3,193 deals on Friday.
