NSE shares volume dip by 40.29%

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a downward trend, with the volume of shares traded dropping by 40.29 per cent.

The News Agency of Nigeria (NAN) reports that investors staked N6.07 billion on 344.796 million shares in 4,127 deals.

This was against a turnover of 577.438 million shares worth N3.82 billion exchanged by investors in 4,533 deals on Friday.

Zenith Bank was the toast of investors, accounting for 68.14 million shares valued at N1.43 billion.

GT Bank came second on the activity chart with 62.33 million shares worth N1.67 billion, while UBA sold 47.36 million shares valued at N341.00 million.

The market indices declined by 0.22 per cent as a result of losses posted by some highly capitalised stocks.

NAN reports that the market capitalisation lost N27 billion or 0.22 per cent, to close lower at N12.407 trillion, against the N12.434 trillion recorded on Friday.

The NSE All-Share Index lost 86.65 points or 0.22 per cent to close at 38,626.11, compared with 38,712.76 achieved on Friday.

Nigerian Breweries led the losers’ chart, dropping N1.94 to close at N152 per share.

It was followed by Zenith Bank and Honeyflour with a loss of 17k each, to close at N21 and N3.67 per share respectively. Livestock lost 15k to close at N3.23, while UBCAP went down by 12k to close at N2.57 per share.

NAN reports that UAC-Property recorded the highest gain for the day, appreciating by N1.16, to close at N24 per share.

Lafarge Cement trailed with a gain of N1.07 to close at N107.93, while Stanbic IBTC appreciated by 63k to close at N19.40 per share.

Dangote Sugar gained 57k to close at N9.03, while Flour Mill grew by 50k to close at N70 per share. (NAN)