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Investors Lose N156Bn In Equities Market On Monday

Investors in the nation’s equity segment of the Nigerian Stock Exchange (NSE) lost N156 billion after the day’s trading session as 21 stocks, led by Nestle Plc, recorded share price losses.

Specifically, the All-Share Index (ASI) contracted to 33 trillion points, indicating 426.22 absolute points or 1.25 percent depreciation to close at 33,611.69 as against the 34,037.91 points last Friday.

Similarly, the market capitalization dropped by 1.25 percentage points to close at N12.270 trillion, down from the N12.426 trillion value grossed on last Friday’s trading session.

Nestle Plc led the losers’ table with its share price dropping by N145 or 9.67 percent to close at N1,355 per share.

Others on the table include Forte Oil which lost N1.95 or 9.29 percent to close at N19.05 per share, GSPEC with six kobo or 9.45 percent loss of share price to close at N5.75 per share, while Guaranty Trust Bank dropped five kobo or 1.43 percent per share to close at N34.5 per share. Also, Nigerian Breweries was down four kobo or 0.43 percent to close at N92.5 per share.

On the gainers’ team were, Flourmill Plc led the pack of 11 gainers with its share price gaining five kobo or 2.33 percent to close at N22 per share. Custodian Insurance gained one kobo or 1.85 percent per share to close at N5.5, Honeywell Flour’s share price rose eight kobo or 5.56 percent to close at N1.52 per share.

Others with relatively impressive outings in the market are, UPL which gained eight kobo or 4.17 percent to close at N2 per share compared to FBN Holdings’ five kobo or 0.56 percent share price gain to close at N9.05 per share.

In all, investors exchanged 137.62 million ordinary shares valued at N1.35 billion traded in 3,104 deals. 

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