Market capitalisation falls by N22bn

The equities segment of the Nigerian Stock Exchange closed on a negative note on Monday with major indices falling.

The market capitalisation of the listed equities shed 0.19 per cent or N22bn to close at N11.739tn, from Friday’s figure of N11.761tn.

Similarly, the NSE’s All-Share Index fell by 68.6 basis points or 0.19 per cent to close at 36,857.22 points, from 36,925.82 points recorded on Friday.

The NSE-30 Index fell by 0.28 per cent or 4.85 basis points from 1,732.87 points to close at 1,728.02 points.

The NSE Banking Index and NSE Consumer Goods Index also fell, shedding 0.09 per cent and 0.54 per cent to close at 393.10 basis points and 1,045.16 points, respectively.

The NSE Insurance Index, however, gained 1.04 per cent or 1.43 basis points to close at 138.55 points.

The Banking sub-sector maintained its lead on the activity chart, accounting for 33.23 per cent of the 309.876 million shares valued at N4.145bn, which were traded in 4,227 deals on Monday.

A total of 27 stocks recorded price appreciation, while 26 recorded price depreciation.

Forte Oil Plc led the price gainers’ chart, rising by 10.21 per cent or N4.02 to close at N43.40 per share.

It was followed by Wema Bank Plc, which rose by 9.80 per cent or 10 kobo to close at N1.12 per share.

May and Baker Nigeria Plc gained five per cent or 11 kobo to close at N2.31 per share, while UTC Plc appreciated by 4.92 per cent or three kobo to close at 64 kobo per share.

On the other hand, Portland Paints and Products Nigeria Plc led on the losers’ chart, shedding five per cent or 28 kobo to close at N5.32 per share.

Airline Services and Logistics Plc and Paints and Coatings Manufacturers Plc lost 4.97 per cent and 4.35 per cent to close at N3.63 and N2.20 per share, respectively.