Investors on Nigerian bourse lose N22bn on Monday as index drops further by 0.15%

Trading transactions on The Nigerian Stock Exchange on Tuesday continued with negative sentiments as market indices of the Nigerian Stock Exchange (NSE) dropping further by 0.15 per cent.

The All-Share Index lost 62.42 points or 0.15 per cent to close at 40,615.42 compared with 40,677.61 posted on Monday.

Also, the market capitalisation shed N22 billion or 0.15 per cent to close at N14.712 trillion from N14.734 trillion recorded on Monday, due to profit-taking.

Analysis of the price movement table indicated that Zenith Bank recorded the highest loss to lead the laggards’ chart, dropping by N1.15 to close at N27.60 per share as FBN Holdings trailed with a loss of 50k to close at N11.50, while Oando shed 35k to close at N7.40 per share.

Guaranty Trust Bank was down by 25k to close at N44 while Dangote Flour also declined by 25k to close at N11.25 per share.

On the other hand, Nestle topped the gainers’ table for the day, appreciating by N43 to close at N1,573 per share.

Nigerian Breweries followed with a gain of N2.80 to close at N124.80, while CAP appreciated by N1.10 to close at N40 per share.Eco Bank Transnational added 30k to close at N21 while NPF Microfinance Bank increased by 7k to close at N1.85 per share.

The volume of shares traded also closed lower as investors traded 203.36 million shares valued at N4.43 billion in 4,090 deals as against the 218.77 million shares worth N2.23 billion exchanged in 4,109 deals on Monday.

Guaranty Trust Bank was the most active stock for the day, exchanging 37.15 million shares worth N1.64 billion. It was followed by United Bank for Africa  with 31.46 million shares valued at N361.09 million while Fidelity Bank traded 14.50 million shares worth N33.81 million.

Zenith Bank sold 11.73 million shares valued at N330.46 million while Oando traded 11.09 million shares worth N84.73 million.