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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

NSE Index Drops 0.60 % as Bear Rocks Trading

Trading activities on the Nigerian Stock Exchange, NSE, resumed the month on Monday, August 1, in the Reds as ‎the All-Share Index  closed the day at 27,843 basis points 0.60 percent down from 28,009.93 basis points recorded previously.
Likewise, Market Capitalisation closed the day at N9.562 trillion against its opening figure of N9.619 trillion, leaving investors with a loss of N57 billion.

Oando led the recliners’ table as it shed 9.46 percent or 53 kobo to close at N5.07 per share; followed by Transcorp Plc which shed 9.16 percent or 12 kobo to close at N1.19 per share.

PZ Cussons Plc closed at N17.60 per share having lost 5.38 percent or one naira; Cutix Plc closed at N1.52 per share following a loss of 5 percent or 8 kobo ; while Dangote Sugar Plc lost 5 percent or 35 kobo to close at N6.65 per share.
Conversely, Total Oil Plc led the day’s stock gainers as the market reacted to its a declaration of N3 interim dividend. It close at N200.09 having appreciated by 10.24 percent or N18.59 per share; Airservice Plc rose 9.41 percent or 16 kobo to close at N1.86 per share; Flourmills Nigeria Plc added 6.44 percent or N1.30 to close at N21.50; Dangote Flour gathered 5.38 percent or 25 kobo to close at N4.90 per share; while Honeywell Flour Plc closed at N1.60 per share representing an increase of 5.26 percent or 8 kobo from its opening value of N1.52 per share.

The three most traded stock of the day were UBA which accounted for 101.4 million shares valued at N466.3 million; FCMB traded 55.8 million shares worth N84.3 million; and GTbank exchanged 52.3 million shares valued at N1.3 billion.

At the end of trading on Monday,  investors had exchanged a total of 331.7 million shares valued at N4.750 billion in 4114 deals.

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