Stock Market Watch: ASI dips by 0.49% on Monday

Transactions on the first trading day of the week at the floor of the Nigerian Stock Exchange, NSE, ended on a negative note as the All Share Index, ASI, dipped by 183.60 points or 0.49 percent to close at 37,278.34 basis points as against last Friday’s closing figure of 37,461.94 basis points.

The market capitalisation of the listed entities equally lost N59 billion or 0.49 percent to close at N11.910 trillion lower than the N11.969 trillion closing figure of last Friday.

WAPIC topped the top five trades by volume chart with 35.92 million volume of shares worth N31.25 million.

ETI was second with 29.38 million shares valued at N405.58 million while Transcorp was third with 28.71 million shares worth N52.35 million.

It was followed by Unity Bank with 17.26 million shares valued at N9.04 million while Fidelity Bank was last on the chart with 14.36 million shares worth N38.90 million.

The top five gainers chart on Monday was led by WAPCO which share price appreciated by N2.50k to close at N101.00 per share.

Guinness was second with a gain of N2.00 in its share price to close at N240.00 per share.

Ashaka Cement occupied the third spot gaining N0.33k in its share price to close at N21.50k per share.

It was followed by Portland Paint which added N0.24k to its share to close at N5.24k per share while CCNN was last on the chart with a gain of N0.20k in its share price to close at N9.95k per share.

However, Nigerian Breweries was ahead of others on the losers chart with a share price loss of N2.95k to close at N167.05k per share.

Cadbury was second with a loss of N2.78k in its share price to close at N53.72k per share while CAP Plc was third losing N1.99k in its share price to close at N47.00 per share.

It was followed by Okomu Oil which also lost N1.99k in its share price to close at N44.00 per share while PZ was last on the chart shedding N0.50k in its share price to close at N38.49k per share.

At the close of transactions on Monday, investors traded 241.39 million shares worth N2.63 billion in 4,066 deals.

This was in contrast to the 228.99 million shares valued at N2.75 billion that exchanged hands in 4,630 deals last Friday.