Stock Market Sheds N153b on First Trading Day

• Stock Market Sheds N153b on First Trading Day

The Nigerian Stock Exchange (NSE) opened the month in red as sentiment remained weak.

The market capitalisation of listed equities declined by N153 billion to close at N13.297 trillion. While the NSE All-Share Index (ASI) dipped by 315.69 points or 0.14 percent to 27,314.87 points.

A total shares of 175 million valued at N2.568 billion were traded in 3539 deals.

Forte Oil led gainers with 60 kobo to N16.4. Followed by Flourmill, Nascon, Continsure and WAPCO with 30 kobo, 30 kobo, 20 kobo and 10 kobo, respectively.

On the other hand, 11 PLC (Mobil) led top losers with N14.5 to close at N139 a share, down from N153.5. Total, Nigerian Brew, GTbank and MRS, lost N6.3, N3.5, N2.2 and N1.85, respectively.

GTbank led the most traded stocks with a total of 25,293,767 shares valued at N674.183 million.

Transacorp trailed GTbank with a total of 20,758,677 units worth N21.178 million.

NASCON, FBNH and Access bank followed with 20,005,771 shares valued at N274.078 million; 17,389,283 units worth N94.277 million and 10,607,300 valued at N80.170 million.