NSE Index Down 2.8%, as Trading End Month With Profit-taking

Stock Market Dips Further In Face Of More Deals

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Monday, July 31, dipped as investors continued profit taking activities for the second consecutive trading session.

As such, the NSE All Share Index slumped by 2.8 per cent to settle at 35,844 basis points from 36,864.71 on Friday.

Similarly,  market capitalization dipped by N351.8 billion or 2.8 per cent to N12.354 trillion from N12.705 trillion it closed on Friday

As a result, activity chart showed that there were 27 losers against 23 gainers on the bourse, with Cement Company of Northern Nigeria (CCNN) leading the laggards’ chart  with a loss of 9.65 per cent at a close of N8.33 per share. Dangote Cement and Guaranty Trust Bank (GTB) followed with a loss of 4.99 percent each to close at N223.75 and N39.05per share respectively

Conversely, Dangote Sugar Plc led the gainers’ chart with a growth of 10.22 per cent to close at N11.97 per share while Nascon Allied Plc followed with a gain of 10.15 per cent to close at N10.42 per share and CI Leasing gained 8.70 per cent to close at 75 kobo per share.

The market closed with a turnover of 490.2 million shares worth N5.3 billion traded by investors in 5,558 deals