Stock Market Indices Dip By 0.64 per cent

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Equity transactions on the Nigerian Stock Exchange (NSE) ended on negative note on Monday with market indices dropping by 0.64 per cent.

 

The All-Share Index depreciated by 163.99 points to close at 25,420.49 from the opening index of 25,585.24.

 

The market capitalisation of listed equities lost N52 billion to close at N8.12 trillion against N8.17 trillion recorded on Friday.

 

A total of 163.29 million shares worth N1.47 billion were traded in 5,154 deals against 422.49 million shares worth N2.42 billion traded in 5,131 deals on March 11.

 

The Banking sub-sector led other sub-sectors with 110.69 million shares valued at N826.12 million traded in 2,989 deals.

 

The Insurance sub-sector followed with 12.44 million shares valued at N13.58 million traded in 209 deals.

 

The Packaging sub-sector came third with 6.81 million shares worth N14.25 million traded in 85 deals.

Volume in the Packaging sub-sector was driven by the shares of Poly Product with N8.45 million staked on five million shares in five deals.

 

Glaxosmith recorded the highest price appreciation of N1.41 to close at N29.65 per share.

 

NAHCO rose by 30k to close at N10.10 per share while NASCON appreciated by 28k to close at N6.05 per share.

 

Oando topped the price losers’ chart, depreciating by N1.97 to close at N62 per share.

 

Nigerian Bottling Company (NBC) lost N1.51 to close at N35.50 per share while Julius Berger shed one naira to close at N47.50 per share.