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2019 election uncertainty : NSE market indices dropping further by 0.24%

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The Nigerian Stock Exchange (NSE) crucial market indices resumed for the week on Monday with a loss of 0.24 per cent, amid heightening political uncertainty.

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

Specifically, the market capitalisation which opened at N11.728 trillion shed N28 billion or 0.24 per cent to close at N11.700 trillion.

Also, the All-Share Index lost 76.76 points or 0.24 per cent to close at 32,038.18 compared to 32,124.94 recorded on Friday.

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Unilever topped the losers’ chart, dropping by N2.50 to close at N39.50 per share.

Nigerian Breweries trailed with a loss of N2.30 to close at N80, while Cement Company of Northern Nigeria dipped N1.90 to close at N18.35 per share.

Northern Nigeria Flour Mills dropped 50k to close at N4.85, while Ecobank Transnational Incorporated decreased by 45k to close at N15.55 per share.

On the other hand, Nestle led the gainers’ table, increasing by N20 to close at N1,380 per share.

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Seplat followed with a gain of N15 to close at N640, while Presco gained N5.90 to close at N65.75 per share.

UACN increased by 90k to close at N9.90, while Cadbury also added 90k to close at N9.90 per share.

The financial services sector dominated trading activities with
Access Bank emerging the most active stock, trading 18.86 million shares worth N156.52 million.

FCMB Group followed with an account of 14.61 million shares valued at N22.89 million, while Guaranty Trust Bank sold 13.15 million shares worth N498.92 million.

Wapic Insurance exchanged 13.01 million shares valued at N5.21 million, while FBN Holdings traded 12.62 million shares worth N93.12 million.

In all, the volume of shares traded dipped by 33.39 per cent, while the value declined by 38.59 per cent.

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Consequently, investors transacted 157.83 million shares worth N1.75 billion in 3,134 deals.

This was against the 239.12 million shares valued at N2.85 billion traded in 2,816 deals on Friday.


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