By Modupe Gbadeyanka
The capital market in Nigeria finished on a negative note on Monday owing to the losses recorded by some blue-chip stocks.
While the market capitalisation lost N63 billion to end at N8.95 trillion, the all-share index fell by 0.70 percent or 184.07 points to finish at 25,986.81 points.
Activities on the Nigerian Stock Exchange (NSE) on Monday were sluggish and this reflected in the volume of stocks that exchanged hands at the market.
Investors traded 161 million units of shares valued at N1.1 billion in 2,431 deals compared to the 2.23 billion shares sold last Friday in 3,346 deals worth N2.6 billion.
On the losers’ chart, Forte Oil claimed the top spot with a depreciation of N10.18k to close at N94.32k per share, while CAP Plc stayed second with a loss of N1.65k to close at N33.75k per share and Guinness third with a fall of N1 to end at N89 per share. PZ lost 72k to finish at N15.77k per share and Zenith Bank declined by 63k to close at N14.50k per share.
At the other end, UACN grew by 9k to finish at N17.76k per share, Access Bank gained 6k to close at N5.36k per share, May & Baker chalked up 4k to end at 89k per share, Mansard went up by 3k to finish at N1.87k per share and First Bank Holdings rose by 2k to close at N3.7k per share.
At the market on Monday, a total of 22 stocks depreciated, 21 stocks remained unchanged in their prices, while 10 stocks appreciated.
Adedapo Adesanya