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NSE opens week in red as ASI drops 0.37 percent

 

The Nigerian equities market started the week on a negative note as NSE All Share Index (ASI) dropped 0.37 percent to close at 27,015.97 basis points.

Bearish sentiments were witnessed across board as all sectoral indices closed in the red, driving market capitalisation N31 billion lower to close at N9.278 trillion.

The day’s trading activities recorded 14 Gainers against 28 Losers.

The day’s losers were led by PZ which declined by 4.97 percent or N1.14 to close at N21.81 per share, followed by Union Dicon which dropped 4.94 percent or 65 kobo to close at N12.52 per share. Zenith Bank also fell by 4.89 percent or 78 kobo to close at N15.17 per share.

Similarly, Portland Paints and Ikeja Hotel lost 10 kobo each to close at N1.96 and N2.01 per share respectively.

On the other hand Stanbic topped the day’s advancers with a gain of 10.19 percent or N1.53 to close at N15.54 per share, DN Meyer added 8.22 percent or 6 kobo to close at 79 kobo per share while Fidson Health grew 5 percent or 10 kobo to close at N2.10 per share.

Continental Reinsurance and Dangote Sugar likewise added 5 and 30 kobo each to close at N1.8 and N6.60 per share.

In all, investors on the exchange traded a total of 316.7 million shares valued at N1.9 billion in 3,924 deals.

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