Trading activities on the floor of the Nigerian Stock Exchange, NSE, continued to move south on Monday, August 17, as investors dumped their holdings as a result of feeble earnings from quoted firms.
The All Share Index shed 2.59 per cent to close at 29,909.44 points, compared to the decline of 0.15 per cent recorded on Friday, August 14 to close at 30,705.62 points.
Market capitalization dropped N273 billion to close at N10.3 trillion, higher than the decrease of N16 billion recorded on Friday to close at N10.5 trillion.
Transnational Corporation of Nigeria Plc led the gainers’ table with 12 kobo or 4.67 per cent to close at N2.69 per share, followed by NEM Insurance Plc with two kobo or 3.17 per cent to close at 65 kobo per share. Forte Oil Plc added N4.98 or 2.32 per cent to close at N219.98 per share, while Zenith Bank Plc rose 37 kobo or 2.30 per cent to close at N16.45 per share.
Conversely, Evans Medicals Plc shed eight kobo or 8.70 per cent to close at 84 kobo per share, while FCMB Plc fell 21 kobo or 8.50 per cent to close at N2.26 per share.
Access Bank Plc depreciated 25 kobo or 5.75 per cent to close at N4.10 per share, while Dangote Cement Plc declined N9.02 or five per cent to close at N171.48 per share.
A total of 476.3 million shares valued at N3.65 billion were exchanged in 3,841 deals.