…As NSE ASI drop 0.65%
By Chinwendu Obienyi
Equities traders on the trading floor of the Nigerian stock market, yesterday, started the week on a bearish note as the All Share Index (ASI) dipped 0.65 per cent even as losses were recorded on major indices from bellwether stocks.
The market capitalisation remained at N13.1 trillion to close at 37,950.96 points despite a 0.25 per cent positive share buys in the consumer goods sector, which was no match for the significant declines from the other four main sectors.
Profit taking from 27 losers was led by CI Leasing which appreciated by 9.26 per cent to close at 0.98 kobo per share. Total followed, declining by 5.00 per cent to close at N236.55, Medview Airlines fell by 5.00 per cent to close at N1.52, while May and Baker decreased by 4.84 per cent to close at N2.95.
On the other hand, Fidson Healthcare led 17 other gainers as it increased by 4.68 per cent to close at N3.13 per share. AG Levent fared better, recording 4.35 per cent to close at 0.72 kobo, Linkage Assurance rose by 4.00 per cent to close at 0.78 kobo, while Union Bank of Nigeria grew by 3.99 per cent to close at N6.00.
Further analysis showed that Access Bank was active on the volume charts, as it exchanged 169.7 million units of shares worth N1.8 billion. GT Bank sold 26.2 million units of shares valued at N1 billion, while FBN Holdings traded 17.8 million shares worth N110 million.
Despite the decline, investors’ appetite remained unabated by 316.12 million units of shares which were exchanged in 4113 transactions worth over N4.22 billion compared to 362.7 million shares worth N5.6 billion traded in 4,055 deals last week.