Market Capitalization Drops By N54.453bn


Trading on the floor
of the Nigerian Stock Exchange (NSE) ended on a negative note on Monday as market capitalization depreciated by N54.453 billion to close at N8.72 trillion.
This was in contract with the N8.77 trillion recorded by the Exchange at the close of the previous trading.
However, All-Share Index closed on a positive note after adding 841.98 points to the 25.507.09 points recorded by the Exchange on Friday, closing the Monday trading at 26,349.07 points.
Investors traded a total of 242,687,697 shares, worth N1.648 billion in 3213 deals compared to 55,959,714 shares valued at N532.263 million which investors exchange in 827.00 deals.
Volume and value closed positively adding 186,727,983 million shares and N1.116 billion, respectively.
The gainers’ chart was led by Seplat which gained N6.05 per share to close at N306.05. total, Dangote Cement and Custody Insurance Plc followed with N3.78, N1 and 18 kobo gains respectively, closing at N157.6, N172 and N3.9 respectively.
The losers’ chart was led by Nestle and Nigerian Bottling Company that lost N10 and N3.78, respectively closing at N690 and N102.61 respectively.
At the end of the transactions 16 companies made gains in their trading, 24 companies lost, while the prices of 46 companies remained unchanged.