NSE Dips Again, Loses N59b on Monday

global shares
  • NSE Dips Again, Loses N59b on Monday

The Nigerian Stock Exchange (NSE) closed lower on Monday as global risk continued to dictate the direction of emerging markets.

The NSE All-Share Index declined by 0.22 percent to 26,390.08, down from 26,448.62 it closed on Friday.

The market value of listed equities dropped N59 billion from N12.875 trillion recorded on Friday to N12.816 trillion on Monday.

Activity level remained low as 245.852 million shares valued at N1.361 billion were traded in 2,514 deals.

Maybaker top gainers with 9.50 percent gain to close at N2.19 a share.

While Cornest, Transexpr, Lawunion and ETI gained 9.38 percent, 9.09 percent, 8.51 percent and 1.43 percent to close at N0.35, N0.84, N0.51 and N7.1, respectively.

Dangote Cement led top losers with N1 or 0.69 percent decline.

Followed by Zenithbank with N0.25 or 1.43 percent; NEM insurance dropped N0.22 or 9.57 percent; UBA dipped slightly by N0.05 or 0.87 percent and Access bank lost N0.05 or 0.68 percent.

Top traded equities were Omomorbank with a total of 110 million shares valued at N60.5 million; Fidelitybank 25.427 million shares worth N43.181 million and 14.396 million of transcorp shares valued at N14.669 million exchanged hands.

While FBN Holdings and GTBank shares traded were 14.352 million and 13.589 million valued at N75.326 million and N357.800 million, respectively.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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