By Modupe Gbadeyanka
Activities resumed for the week on the Nigerian Stock Exchange (NSE) on Monday on a bearish trend, leaving the market to decline by 0.40 percent.
The major market indices depreciated today, leaving the All-Share Index to fall by 101.38 points to close at 25,136.63 points and the market capitalisation to weaken by N35.1 billion to finish at N8.7 trillion.
There were a total of 12 gainers on the floor of the NSE on Monday, same with the total number of laggers.
Total, Guinness, UACN, GTBank and Ecobank were the top five gainers at the market today, while Mobil, Forte Oil, Dangote Cement, Stanbic IBTC and Oando led the losers’ chart.
While Total went up by N8 to close at N280 per share, Guinness appreciated by N1.97k to finish at N67.98k per share.
Also, UACN gained 54k to end at N13.74k per share, GTBank advanced by 50k to close at N25 per share and Ecobank rose by 47k to finish at N10.50k per share.
At the other end, Mobil depreciated by N5 to close at N280 per share, Forte Oil slumped by N2.58k to end at N49.9k per share and Dangote Cement crashed by N1 to close at N160 per share.
In the same vein, Stanboc IBTC dropped 29k to end at N18 per share, while Oando sank by 8k to close at N5 per share.
The market was very dull today with investors trading a total of 135 million shares valued at 681.2 million in 2,909 deals.
This is in sharp contrast to the 245.4 million shares traded last Friday worth N2.3 billion transacted in 3,260 deals.
