• Thursday, March 28, 2024
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BusinessDay

Investors lose N108bn as stock market opens week on negative note

investors

At the sound of closing gong on Monday, March 11 at the Nigerian Stock Exchange (NSE), the equities market indicator showed negative.

The All Share Index (ASI) which is the benchmark performance indicator of the NSE depreciated by 0.90percent to 31,636.66points as against 31,924.51 points recorded the preceding trading day.

The market’s Year-to-Date (YtD) returns stood at +0.66percent. The value of listed equities decreased from N11.905trillion to N11.797trillion, losing approximately N108billion.

No fewer than 14 stocks gained as against 19 losers. Nestle Nigeria Plc recorded the highest decline after its share price dipped from N1510 to N1480, down by N30 or 1.99percent.

Okomuoil Plc was also down from N80 to N79, losing N1 or 1.25percent; while Lafarge Africa Plc decreased from N12.95 to N12.5, down 45percent or 3.47percent.

In 2,752 deals, stock traders exchanged 128,374,226 units valued at N2.386billion.

FBN Holdings, Zenith Bank Plc, UBA Plc, Access Bank Plc and GTBank Plc were actively traded stocks on the NSE.

Nascon Plc stock price increased from N20 to N21.7, adding N1.7 or 8.50percent; Cadbury Nigeria Plc increased from N11 to N12.1, adding N1.1 or 10percent; while Zenith Bank Plc moved up from N22.45 to N22.75, adding 30kobo or 1.34percent.

 

Iheanyi Nwachukwu