NSE: Investors Lose N352b as Dangote Cement Leads Losers

By Modupe Gbadeyanka

Trading resumed on Monday on the floor of the Nigerian Stock Exchange (NSE), but by the time transactions ended, the market depreciated by 2.77 percent despite gain as some companies released their half year financial statements today with more expected to be posted this week.

The major market indicators pointed south with the All-Share Index (ASI) shedding 1020.71 points to close at 35,844.00 points, while the market capitalisation declined by N351.8 billion to settle at N 12.4 trillion.

In addition, the year-to-date returns trimmed to 33.39 percent, while the market breadth closed negative with 27 decliners versus 22 advancers.

Business Post correspondent reports that the volume and value of shares traded today finished lower with investors exchanging a total of 490.2 million shares in 5,558 deals worth N5.3 billion, compared with 525.6 million shares transacted last Friday in 5,799 deals valued at N8.1 billion.

A breakdown of how the equities performed on Monday showed that FCMB emerged the active stock, trading a total of 127.6 million shares at N154.2 million.

It was trailed by FBN Holdings, which traded 58.4 million shares valued at N347.2 million, and Transcorp, which transacted 49.7 million shares valued at N72.5 million.

Furthermore, Zenith Bank sold 45.8 million shares at N1.2 billion, while UBA traded 19 million shares valued at N185.3 million.

Monday’s losers’ chart was topped by Dangote Cement, which shed N11.76k to finish at N223.75k per share.

It was followed by Nigerian Breweries, which declined by N4.62k to close at N167 per share, and Lafarge, which went down by N3.3k to end at N57.72k per share.

In addition, GTBank lost N2.5k to settle at N39.5k per share, while Stanbic IBTC depreciated by N1.63k on a day it released its half-year earnings to close at N35.90k per share.

On the flip side, Okomu Oil topped the gainers’ log after adding N5.62k to its share value to close at N80.3k per share.

Presco claimed the second spot on the table with a rise of N3.66k to finish at N76.86k per share, while 7up came third after growing by N1.39k to settle at N91.89k per share.

On the fourth place was International Breweries, which rose by N1.13k to end at N33.13k per share, and Dangote Sugar, which advanced by N1.11k to wrap the day at N11.97k per share.