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NSE index falls by 0.19%

By on May 28, 2014

Activities on the Nigerian Stock Exchange closed on a negative note on Monday as equities failed to sustain the gains made on Friday.

The NSE All-Share Index shed 0.19 per cent or 76.36 basis points as against the 0.7 per cent rise it recorded in the previous session.

In the same vein, the market capitalisation of the listed equities declined by N25bn or 0.19 per cent to close at N13.127tn, down from N13.152tn.

With the exception of the NSE Lotus Islamic Index, which rose marginally by 0.01 per cent to close at 2,703.45 basis points, and the NSE Alternative Securities Market Index that closed flat at 950.94 basis points, all sectoral indices depreciated on Monday.

In all, investors staked the sum of N6.524bn on 360.028 million shares in 4,816 deals on Monday with 29 equities recording price appreciation, while 26 others recorded price depreciation.

Custodian and Allied Plc led the gainers, rising by five per cent or 14 kobo to close at N2.94 per share.

Julius Berger Nigeria Plc and UAC of Nigeria Plc, which rose by 4.85 per cent and 4.83 per cent to close at N75.49 and N60.80 per share, respectively followed.

Also, May & Baker Nigeria Plc rose by 4.79 per cent or eight kobo to close at N1.75 per share, while Livestock Feeds Plc gained 4.67 per cent or 14 kobo to close at N3.14 per share.

On the flip side, Eterna Plc led the losers after declining by 9.7 per cent or 35 kobo to close at N3.26 per share.

Caverton Offshore Support Group shed 9.69 per cent or 68 kobo to close at N6.34, while NEM Insurance Plc and Oando Plc fell by 4.94 per cent and 4.9 per cent to close at 77 kobo and N19.02 per share, respectively.

Airline Services and Logistics Plc was also among the losers as it shed 4.44 per cent or 10 kobo to close at N2.15 per share.

 

 

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