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Market capitalisation falls by N88bn

Trading floor, Nigerian Stock Exchange

Trading floor, Nigerian Stock Exchange
The equities segment of the Nigerian Stock Exchange opened the week on a negative note as equities failed to rally after declining on Thursday and Friday.

At the close of trading, the market capitalisation of the listed equities fell by N88bn or 0.75 per cent to close at N11.663tn, down from N11.751tn.

Also, the NSE All-Share Index depreciated by 168 basis points or 0.49 per cent from 34,485.72 basis points to 34,317.72 basis points.

Monday’s losses were broadly spread as all market indicators fell, with the exception of the NSE Industrial Index, which rose from 2,123.83 basis points to 2,129.94 basis points, and the NSE Alternative Securities Market Index, which closed unchanged.

Investors exchanged 200.966 million shares valued at N2.197bn in 4,151 deals on Monday with 19 stocks recording price appreciation and 27 others recording price depreciation.
Cadbury Nigeria Plc led the gainers, rising by five per cent or N2 to close at N42 per share. It was followed by Custodian and Allied Plc and Dangote Flour Mills Plc, which rose by 4.81 per cent and 4.74 per cent to close at N4.14 and N5.08 per share, respectively.

However, Seplat Petroleum Development Company Plc led the losers, declining by five per cent or N19.90 to close at N378.10 per share.

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