Losses recorded by large cap stocks contributed to the 0.64 percent decline which the Nigerian stock market recorded yesterday and impacted negatively on the year-to-date (YTD) returns.
In 5,215 deals, equity investors exchanged 460,229,850 units valued at N4.509bn.
The market cap of equities listed on the main board declined by N90bn to N14.118trn against N14.208trn recorded Friday.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) declined to 42,758.02 points from a high of 43031.81 points achieved the preceding trading day.
Seplat Petroleum Development Company led the pack of laggards after its share priced dipped by N18, from a high of N720 to N702, followed by Dangote Cement plc which lost N5, from a high of N250 to N245.
Other big losers include: UAC of Nigeria plc which dipped from N66 to N62.37, after shedding N3.63; Forted Oil plc which declined from N200.08 to N198, down by N2.08; while Unilever Nigeria plc declined from N55 to
N53.01, down by N1.99.
On the gainers table, Nestle Nigeria plc led other equities in price appreciation after moving up by N10 from N1,090 to N1,100.
Guinness Nigeria plc followed from a low of N194.23 to N196, adding N1.77; while Nigerian Breweries plc garnered N0.50, from N173.50 to N174.
Also, Chemical and Allied Products plc rose from N38.50 to N39, adding N0.50; while Transnational Corporation plc appreciated from N5.24 to N5.50, adding N0.26.
Actively traded equities include: FBN Holdings plc, Transnational Corporation plc, Fidelity Bank plc, Continental Reinsurance plc and Oando plc.
Equity dealers exchanged 90,931,957 units of FBN holdings plc valued at N1.455bn; 77,977,408 units of Transnational Corporation plc valued at N428.108m; 61,019,057 units of Fidelity Bank plc valued at N122.084m; 35,727,600 units of Continental Reinsurance plc valued at N40.594m; and 26,776,233 units of Oando plc valued at N760.030m.
Iheanyi Nwachukwu
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