Equities trading on the Nigerian Stock Exchange opened the week with further losses by the market indices, as the All Share Index (ASI) dropped 0.06 percent or 14.98 points to close at 25, 318.41 points from last Friday’s closing figure of 25,333.39 points.
Market capitalisation further depreciated by N5.2 billion to close at N8.715 trillion compared to N54 billion lost on Friday when market capitalisation closed at N8.720 trillion.
Forte Oil and UACN led the day’s twenty-two retreating stocks, with a 5 percent depreciation to close at N59.66 and N16.15 per share respectively, this was followed by UAC- Property that shed 4.86 percent to close at N2.35 per share while Africa Prudential Registrars lost 4.79 percent to close at N2.78 per share. Axamansard Insurance closed the day at N1.80 per share following a depreciation of 4.76 percent.
Conversely, Mobil led the day’s eight appreciating stocks with a 5 percent appreciation to close at N219.41 per share. Eterna Oil followed with a 4.56 percent growth to close at N2.98 per share, while Fidson Healthcare Pharmaceuticals recorded a gain of 4.29 percent to close at N1.46 per share.
Fidelity Bank recorded a 3.80 percent growth to close at 82 kobo per share and Eco Transnational Incorporated added 3.16 percent to close at N9.80 per share.
Market performance as measured by volume of shares traded, however, appreciated by 40.4 percent to settle at 202.4 million units. The shares traded in 2,558 deals were valued at N1.616 billion compared to 144.2 million units valued at N2.143 billion and exchanged in 2,459 deals recorded in previous session.
Wema Bank emerged the most traded stock for the day with 75.4 million shares valued at N39.2 million, Access Bank followed with 22.9 million units of shares worth N131.6 million while Zenith Bank came third with the sale of 14.8 million shares worth N199.7 million.
FCMB traded 14.3 million shares worth N15.1 million and FBN Holdings sold approximately 13.5 million shares at N41.3 million.
