NSE; Equities Value Falls by 0.6%

Equity transactions in the Nigerian Stock Exchange started the week on a negative note with major indicators declining.

Falling by 0.16% or 67.59 basis points, the Nigerian Stock Exchange All-Share index closed at 41.449.52 basis points. This is in contrast to the 0.7% rise which lifted it to 41.517 basis points on Friday.

 The market capitalization of the listed equities also fell by N22bn or 0.6% to close at N13.686tn.

A review of the sectoral indices showed that the NSE Oil and Gas Index rose the most for the day. The index rose by 1.46% or 6.43 basis points to close at 445.59 basis points.

The NSE Industrial Index also fell by 0.63% or 16.2 basis points to close at 2,554.65 basis points to become the day’s worst performing indices.

In all, a total of 26 stock recorded appreciation, while 30 equities recorded price depreciation on Monday.

The gainers table was topped by Caverton Offshore Support Group topped after rising by 10.04% or 50 kobo to close at N5.48 per share.

It was followed by Costain (West Africa) Plc and Oando Plc, which gained 9.38% and 5% to close at N1.40 and N21.00 per share, respectively.

Also, Learn Africa Plc and Airline Services and logistics Company Plc were up by 4.68% and 4.49% to close at N1.79 and N2.56 per share in that order, while NEM Insurance Plc advanced by 3.7% or 3 kobo to close at 84 kobo per share.

On the other hand, Eterna Plc, however, led the losers, shedding 5% or 22 kobo to close at N4.18 per share.

Ecobank Transnational Incorporated Plc fell by 4.97% or 83 kobo to close at N15.87 per share; followed closely by Champion Breweries Plc, which recorded a 4.96 per cent or 65 kobo depreciation to close at N12.46 per share.