Trading close lower on NSE


Forte Oil at NSETransactions on the Nigerian Stock Exchange (NSE) closed lower on Monday with the market indices dropping marginally by 0.06 per cent.

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The News Agency of Nigeria (NAN) reports that the market capitalisation depreciated by N7 billion or 0.06 per cent to close at N12.545 trillion against N12.552 trillion achieved on Friday.

The market decline was as a result of price losses recorded by some blue chips.

The All-Share Index lost 24.03 points or 0.06 per cent to close at 39,222.02 compared with 39,246.05 posted on Friday.

Analysis of the price movement indicated that Lafarge Wapco led the laggards’ pack with a loss of N5.54 to close at N105.26 per share.

Nestle followed with N3 to close at N1, 197, while UACN lost 65k to close at N66.35 per share.

Transcorp dipped by 56k to close at N5.31, while National Salt depreciated by 47k to close at N13.10 per share.

Conversely, Forte Oil led the gainers’ table, appreciating by N4.59 to close at N114.45 per share.

Presco trailed with a gain of N1.75 to close at N36.75, while GT Bank rose by N1 to close at N27.80 per share.

GlaxosmithKline gained 80k to close at N64.80, while Okomu Oil grew by 55k to close at N43.94 per share.

The volume of shares traded declined by 53.14 per cent with 545.25 million shares worth N3.97 billion against the 1.16 billion shares valued at N7.92 billion recorded on Friday.

Transcorp remained the toast of investors, accounting for 170.97 million shares worth N926.79 million.

Unity Bank came second on the activity chart with 46.63 million shares valued at N30.73 million, while Skye Bank sold 40.82 million shares worth N163.22 million.

Investors staked N375.93 million on 36.65 million shares of Access Bank, while Wapic Insurance traded 31.26 million shares valued at N31.17 million. (NAN)

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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