Market opens the week flat as investors lost N1bn

The end seems not to have come for spate of losses being experienced by investors on the Nigerian Stock Exchange (NSE) as the market began the week on the losing streak where it end last week as the All-Share Index and Market Capitalization which closed the week at 28,805.45 basis points and N9.499 trillion on Friday respectively came down to 27,629.90 basis points and N9.489 trillion respectively on Monday as investors recorded a marginal loss of N1 billion, they  suffered a loss of N394 billion last week.

The market recorded a trade volume of 2.269 million shares valued at N378.514 million exchanged by investors in 3,519.00 deals.

The NB led the chart for the most appreciated stocks for the day with a gain of N6.9 and form its opening value of N138.01, it closed at N144.91; TOTAL recorded a gain of N1.5 per share and from its opening value of N180, it closed at N181.5; ETI, which opened at N11.8 closed at N12.39 as it added N0.59 to its opening value. OANDO which opened the day trading at N5.1 closed at N5.63 having gained N0.51 while ZENITHBANK rose from its opening value of 15.37 to close at N15.65 having being marked up by investors by N0.28 per share.

On the other hand, FO led the losers chart for the day as it came down from N194.9 with which it began the day’s trading activities and closed at N175.91 as it was marked down by N18.99; SEPLAT recorded a loss of N16.5 per share and from its opening value of N330, it closed the day N313.5; DANGCEM lost N4.5 and from the opening value of N179.5, it closed at N175; GUINNESS, from 96.48 per share opening value, it closed at N95 as it recorded a loss of N1.48 while WAPCO which began the day trading at N59.65 closed at N59.24 having recorded a loss of N0.41 per share.