Nigerian stocks lose N240bn on first day of trading

Nigerian stocks lose N240bn on first day of trading

Monday, January 5, 2015 6:42 pm

*Nestle, dangote, Seplat lose, while Unilever, Total, Oando gain

Equity transactions on the Nigerian Stock Exchange (NSE) reopened after the New Year holiday on a downward note as the All-Share Index depreciated by 713.86 points.

The Index dropped by 2.06 per cent to close at 33,943.29 in contrast to 34,657.15 achieved on Dec. 31.

The market capitalisation, which opened at N11.477 trillion, declined by N240 billion to close at N11.237 trillion.

Seplat led the losers’ chart by N19.51 to close at N351.5 per share. Nestle trailed with a loss of N16.15 to close at N995.6, while Dangote Cement lost N10 to close at N190 per share.

Julius Berger depreciated by N3.03 to close at N57.63, while Guinness declined by N2.85 to close at N165.3 per share.

Conversely, Total Oil topped the gainers’ table by N6.5 to close at N149 per share. Oando Oil followed with a gain of N1.39 to close at N17.5, while Stanbic IBTC gained N1 to close at N28 per share.

Unilever appreciated by 68k to close at N36.48, while Lafarge Wapco rose by 5k to close at N81 per share.

About 299.410 million shares worth N5.46 billion were traded in 3,803 deals.

This is in contrast to the 233.814 million shares valued at N4.23 billion traded in 2,775 deals on Dec. 31.

ETI emerge the most traded stock with 97.39 million shares worth N1.80 billion.

It was followed by GTBank with 49.55 million shares valued at N1.24 billion, while Zenith Bank traded 33.82 million shares worth N611.89 million

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