The All-Share Index of the Nigerian Stock Exchange (NSE) on Monday dropped to 24,000 marks due to huge loses posted by some blue chips.
The News Agency of Nigeria (NAN) reports that the index lost 678.68 points or 2.68 per cent to close at 24,649.39 against 25,328.07 achieved on Friday.
Also, the market capitalisation dipped N234 billion to close at N8.478 trillion compared with N8.712 trillion recorded on Friday.
A breakdown of the price movement table showed that Nigerian Breweries topped the losers’ chart, dropping by N4.90 to N105 per share.
Ecobank Transnational trailed with a loss of 73k to close at N14.07, while Union Bank declined by 54k to close at N5.06 per share.
Zenith Bank dropped 46k to close at N10.50 and Berger Paint shed 43k to close at N8.52 per share.
Conversely, Flour Mills led the gainers’ table, growing by 93k to close at N21.43 per share.
National Salt followed with a gain of 35k to close at N7.65, while E-tranzact garnered 16k to close at N3.55 per share.
Custodian and Allied Insurance increased by 10k to close at N4.15 and Axa Mansard Insurance grew by 9k to close at N1.95 per share.
NAN reports that volume of shares traded closed higher with an exchange of 225.26 million shares valued at N750.23 million transacted in 3,058 deals.
This was in contrast with 223.42 million shares worth N1.35 billion traded in 2,445 deals on Friday.
Equity Assurance drove the activity chart, accounting for 44.98 million shares valued at N22.49 million.
FCMB Group came second with 28.59 million shares worth N27.13 million, while Transcorp sold 21.51 million shares valued at N23.38 million.
Continental Reinsurance transacted 19.74 million shares worth N19.52 million, while UBA traded 14.95 million shares worth N46.70 million.
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