Transactions at the Nigerian Stock Exchange, NSE, on Monday, March 13, traded negatively as the market opened the new week in the red zone.
As such, the All Share Index depreciated by 0.40% or 101.38 points to close at 25,136.63 points due to intense profit taking following the 0.90% gain recorded on the last trading day on Friday, March 10.
Similarly, the Market capitalization closed at N8.699 trillion, N35 billion lower than its opening figure of N8.734 trillion while the All Share Index also lost 0.40 percent or
Forte Oil sat atop the losers’ chart, with a loss of 4.99 percent to close at N49.09 per share, it was followed by Livestock Feeds which shed 4.48 percent each to close at 64 kobo per share.
NEM Insurance was next with a decline of 4.40 percent to close at N87 per share, Sterling Bank dropped 4.11 percent to close at 70 kobo per share, while AIICO lost 3.39 percent to close at 57 kobo per share.
Mobil, Stanbic, Oando and Transcorp also depreciated by 1.75, 1.59, 1.57, and 2.39 percent respectively as FCMB, Dangote Cement and Vitafoam also shed 0.83,0.62 and 0.52 percent each.
On the flip side United Capital rose 6.20 percent to close at N2.57 per share, leading the advancers’ chart. Union Bank of Nigeria (UBN) followed with a growth of 4.93 percent to close at N4.90 per share.
Eco Transnational Incorporated (ETI) also gained 4.69 percent to close at N10.50 per share. Axa Mansard and UACN closed 4.64 percent and 4.09 percent higher to close at N1.58 and N13.74 per share respectively.
Other gainers were Africa Prudential Registrars ( 3.95%), Diamond Bank ( 3.70), Guinness ( 2.98), Total ( 2.94), FBN Holdings ( 2.68), Zenith Bank ( 2.23) and Guaranty Trust Bank (2.04%).
Top traded stocks for the day were Diamond Bank with N50.5 million shares worth N40.97 million, FBN Holdings was next with 13.2 million shares valued at N39.7 million while Fidelity Bank emerged the third most traded stock with 9.6 million units of shares worth N7.8 million.
Access Bank and Zenith Bank also made it to the top five traded stocks for the day, having transacted 8.4 million and 7.2 million units of shares each, worth N56.6 million and N95.3 million respectively.
Investors had moved 245.4 million units of shares valued at N2.3 billion in 3,260 deals as against 216 million units worth N2.2 billion traded in 3191 deals previously at the end of trading session.