…Trades N2.28bn Shares

A total of 259.24 million shares valued at N2.28 billion were traded in 5,233 deals on the Nigerian Stock Exchange (NSE) on Monday.

This was against the 385.83 million shares valued at N4.60 billion exchanged in 6,317 deals on Friday.

The Tide source reports that weekly transactions on the NSE  resumed with the indicators sliding by 0.31 per cent.

The NSE All-share index lost 79.09 points while the market capitalisation depreciated by N25 billion.

The index, which opened at 24,959.95, closed at 24,880.86 while the market capitalisation closed lower at N7.945 trillion from the N7.970 trillion recorded on Friday.

The Banking sub-sector maintained its dominance of the market with 182.80 million shares worth N1.24 billion traded in 2,931 deals.

Five banks which had the highest turnover in the sub-sector were Bank PHB, First Bank, UBA, Access Bank and Oceanic Bank.

Investors in Bank PHB traded 41.66 million shares valued at N80.52 million in 168 deals.

Investors in First Bank exchanged 23.23 million shares valued at N309.07 million in 642 deals, while UBA traded 19.96 million shares worth N189.59 million in 199 deals.

Access Bank traded 19.57 million shares worth N179.72 million in 223 deals while Oceanic Bank exchanged 16.85 million shares valued at N47.19 million in 70 deals.

The Insurance sub-sector followed, trading 20.66 million shares worth N18.94 million in 175 deals.

The ICT sub-sector came third with 11.29 million shares worth N19.91 million in 21 deals.

Prices of 18 equities appreciated while 38 shed prices.

ETI led the price gainers, appreciating by 65 kobo to close at N16.00 per share.

Lafarge WAPCO gained 50 kobo to close at N41.00 per share while UPL appreciated by 32 kobo to close at N6.77 per share.

Guinness topped the price losers’ chart, depreciating by N6.80 to close at N182.00 per share.

Cadbury shed N1.38 to close at N27.62 per share while JBerger lost 50 kobo to close at N50.00 per share.