Nigerian bourse opens negative on Monday as Index drops by 0.31%

Trading activities resumed on the Nigerian Stock Exchange on negative trend on Monday as the market All-Share Index drops by 0.31%

The index lost 115.13 points or 0.31 per cent to close at 37,250.78 against 37,365.91 achieved on Friday even as the market capitalisation which opened at N13.009 trillion shed N37 billion or 0.28 per cent to close at N12.972 trillion, amid price losses.

Mobil Oil topped the decliners’ table with a loss of N2.10 to close at N167.90 per share with Guinness following with a loss of N2 to close at N100, while Stanbic IBTC lost N1.99 to close at N40 per share. Flour Mills shed N1 to close at N34, while Unilever was down by 86k too close at N40.40 per share.

On the other hand, Nigerian Breweries recorded the highest price gain to lead the gainers’ chart, appreciating by N1.10 to close at N131.17 per share. Forte Oil came second with a gain of N1 to close at N41, while PZ Industries appreciated by 87k to close at N23.87 per share.

Dangote Sugar increased by 57k to close at N17.81, while National Salt grew by 50k to close at N15.60 per share.

Wapic Insurance was most active in volume terms, trading 650.54 million shares worth N325.27 million. Tantalisers followed with an account of 43.81 million shares worth N21.91 million, while Fidelity Bank sold 31.87 million valued at N54.25 million.

Zenith Bank accounted for 25.60 million shares worth N636.67 million and Transcorp traded 19.90 million shares worth N26.16 million.