Nestle gains as NSE index drops by 0.67 per cent


Transactions on the Nigerian Stock Exchange opened on a depressed note on Monday as many equities suffered price depreciation.

This made the All-Share Index drop by 167.23 points or 0.67 per cent to close at 24,671.47 against 24,838.70 recorded on Friday.

Also, the market capitalisation fell by N54 billion or 0.68 per cent to close at N7.853 trillion from N7.901 trillion recorded on Friday.

Dangote Cement recorded the highest price loss of N1.98 to close at N115 per share.

Flour Mill followed recorded a loss of N1.69 to close at N60.20 per share, while Cadbury depreciated by N1.10 to close at N20.90 per share.

ForteOil share price lost 57k to close at N10.83 per share, while Zenith Bank shed 47k to close N16.23 per share.

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On the other hand, Nestle led the gainers chart with a gain of 27.50 to close at N577.50 per share.

NewGold came second with a loss of N18 to close at N2, 668 per unit, while Julius Berger grew by N1.42 to close at N29.97 per share.

NCR appreciated by 65K to close at N13.77 per share, while Unilever gained 56k to close at N37.99 per share.

In all, investors exchanged 266.66 million shares worth N2.16 billion in 4,434 deals.

This was against the 344.67 million shares valued at N3.4 billion traded in 4,782 deals on Friday.

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