By Providence Obuh
The Nigerian Stock Exchange (NSE) resumed Monday, maintaining the downswing as the value of listed equities’ represented by the market capitalisation dipped by N69 billion.
Specifically, the capitalisation dipped by 1.24 per cent to close at N5.49 trillion from N5.55 trillion at which it opened. Another key performance indices the All share index slide 1.24 per cent or 281.59 bases points to close at 22,407.50 points from 22,689.09 points.
7Up Bottling Company Plc recorded the most share price loss dropping by N2.03 to close at N38.81 per share, Benue Cement Company Plc followed with a loss of N2.00 to close at N66.00 per share and Custodian and Allied Product Plc dipped by N1.67 to close at N31.76 per share.
Other share price losers include: Lafarge Cement WAPCO Plc N1.49, African Petroleum Plc N1.47, Flour Mills Plc N1.35, Ashaka Cement Plc N1.14, Guinness Nigerian Plc N1.00, Unilever Nigeria Plc N1.00, Oando Plc N0.99, among others.
On the contrary, Nigerian Breweries Plc recorded the most share price gain with a gain of N0.32 to close at N69.52 per share, National Salt Company Nigeria Plc followed with a gain of N0.24 to close at N6.00 per share and Skye Bank Plc garnered N0.20 to close at N7.00 per share.
Other share price gainers include: United Bank for Africa Plc N0.14, Starcomms Plc N0.09, Nigerian Bag Manufacturing Company Plc N0.006, Costain West Africa Plc N0.06, Dangote Flour Mill Plc N0.03, Union Bank Nigeria Plc N0.03, Livestock Feeds Plc N0.03, among others.
Equity trading declined by 77.38 per cent, however a turnover of 219.67 million shares valued at N1.39 billion in 5,028 deals, in contrast to Friday’s turnover of 970.96 million shares valued at N8.36 billion in 28,629 deals.
The Banking sub-sector dominated activities of the other sub-sector accounting for 40.79 per cent of the market turnover with 89.60 million shares valued at N607.94 million in 2,805 deals. First City Monument Bank Plc was the most active in the sub-sector trading 17.23 million shares valued at N99.1million in 48 deals, First Bank of Nigeria Plc followed with the exchange of 13.60 million shares valued at N147.86 million in 709 deals and United Bank for Africa Plc recorded N8.40 million shares valued at N72.87 million in 270 deals.
The Conglomerates trailed on the sectorial analysis accounting for 27.99 per cent of the market turnover with 61.49 million shares valued at N67.21 million in 268 deals.
Transnational Incorporation Plc boosted activities in the sub-sector trading 60.11million shares valued at N30.05 million in 78 deals, Unilever Nigeria Plc followed with the exchange of 884,595shares valued at N20.40 million in 82 deals and UAC Nigeria Plc recorded 376,579 shares valued at N14.08 million in 52 deals.