Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE ), yesterday, reopened on a downward note , following price losses suffered by most blue chip stocks, especially Flourmills and Dangote Cement , as market capitalisation dipped by N18 billion.
Specifically , the market capitalisation lost N18 billion or 0 . 12 per cent to close at N14. 724 trillion in contrast to N14 . 742 trillion posted on Friday.
Also, the All- Share Index , which opened at 40 , 814 . 89 points , shed 50 . 96 points or 0 . 12 per cent to close at 40 , 763 . 93 due to the price depreciations.
Further breakdown of yesterday ’ s transactions showed that Flourmills recorded the highest loss , shedding N1 . 65 to close at N33. 55 per share.
Dangote Cement followed with a loss of N1 . 50 to close at N248 , while Guaranty Trust Bank was down by 95 kobo to close at N43. 90 per share.
Lafarge Africa lost 85 kobo to close at N43. 60 per share , while Dangote Sugar Refinery also joined the losers ’ list with 85 kobo to close at N20. 55 per share.
On the other hand , Nigerian Breweries led the gainers’ table , adding N3 . 60 to close at N129 . 70 per share.
Forte Oil followed with a gain of N1 . 85 kobo to close at N39 . 50 per share, while GlaxosmithKline added N1 . 70 to close at N32 per share.
Stanbic IBTC appreciated by 100 kobo to close at N50 per share , even as FBN Holdings gained 60 kobo to close at N13. 45 per share.
On the activity chart , the volume of shares traded appreciated by 118 . 84 per cent as investors bought and sold 530 . 22 million shares valued at N7 . 77 billion , transacted in 4 , 567 deals.
This volume of shares traded was , however, higher than 242 . 29 million shares worth N3 . 03 billion exchanged in 5 , 746 deals last Friday.
Law Union and Rock Insurance recorded the highest volume of activities for the day, trading 220 . 75 million shares valued at N253 . 81 million.
Zenith International Bank followed with a volume of 76 . 67 million shares worth N2 . 07 billion , while FBN Holdings sold 24. 27 million shares valued at N318 . 74 million.
Nigerian Breweries traded 21. 02 million shares worth N2 . 73 billion , while Transcorp exchanged 17 . 66 million shares valued at N30 . 74 million.
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