Equities market begins week on profit-taking, drops by 0.42%

Equities  section of the Nigerian Stock Exchange (NSE) opens this week negative on Monday when the All- Share Index and market Capitalisation dropped by 0.42 per cent respectively.

Leading market indicator, the All-Share Index closed at 26,217.18 bases points after it depreciated by 111.04 basis points or 0.42 per cent from 26,328.22 basis points it closed on Friday.

Similarly, market capitalisation of the equities market dropped by N39.7 billion to close at N9.020 trillion from N9.059 trillion it closed on Friday.

Dangote Cement Company, led decliners’ table as it went down by 101 kobo to close at N166.00 per share, followed by Guaranty Trust Bank which slipped by 38 kobo to close at N23.97 per share, Oand Oil dropped 24 kobo to close at N4.9 per share, Stanbic Bank lost 18 kobo to close at N17.3 per share, while United Bank for Africa, depreciated by 14 kobo to close at N4.98 per share, among others.

7Up Bottling Company, led the gainers’ table when it appreciated by 504 kobo to close at N113.4 per share, followed by Forte Oil, which nicked 121 kobo to close at N74.00 per share, ETERNA Oil gained 14 kobo to close at N3.62 per share, Okomu Oil Palm grabbed 8 kobo to close at N44.18 per share, while FBN Holdings grabbed 6 kobo to close at N3.5 per share, among others.

AIICO Assurance emerged the most traded equity on Monday with an exchange of 56.806 million shares worth N34.083 million.  It was trailed by Transnational Incorporated having accounted for 16.099 million shares valued at N12.609 million, United Bank for Africa exchanged 7.753 million shares valued at N38.944 million; FBN Holdings recorded 7.646 million shares valued at N26.635 while Fidelity Bank traded 7.449 million shares worth N6.643 million.