• Sunday, December 03, 2023
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BusinessDay

Major blue chips drop prices on NSE

Equity traders exchange 1.612bn shares worth N13.542bn in 23,021 deals

Some major blue chips on the Nigerian Stock Exchange (NSE) on Monday recorded price depreciation as a result of profit-taking by investors.

Nestle topped the price losers’ chart by N40.25, to close at N764.75 per share.

Nigerian Breweries lost N7.09 to close at N134.72, while Guinness depreciated by N3.99 to close at N125 per share.

Lafarge Wapco went down by N2.99 to close at N85, while Dangote Cement dipped by N2.69 to close at N157.11 per share.

As a result, the All-Share Index lost 624.53 points or 2.08 per cent, to close at 29,360.55, as against THE 29,985.008 recorded on Friday.

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Also, the market capitalisation dipped by N208 billion or 2.08 per cent to close at N9.796 trillion, from the N10.004 trillion achieved on Friday.

On the other hand, Seplat led the gainers’ table by N34.21, to close at N368.11 per share.

Dangote Flour followed with a gain of 38k to close at N4.38, while Vitafoam grew by 16k to close at N3.41 per share.

Eterna Oil also gained 12k to close at N2.64, while Airservice appreciated by 8k to close at N1.79 per share.

In all, investors staked N6.03 billion on 364.472 million shares in 3,782 deals, in contrast to the 423.194 million shares worth N4.85 billion, traded in 3,753 deals on Friday.

The financial services sector remained the investors’ delight as Access Bank emerged the most active equity with 107.36 million shares worth N642.93 million.

FBN Holdings came second with 43.66 million shares valued at N304.69 million, while GTBank sold 34.80 million shares worth N706.40 million.

(NAN)