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NSE All-Share Index depreciates by 0.77%v

29 April 2014, 14:19

Lagos - Weekly transactions on the Nigerian Stock Exchange (NSE) opened on negative note on Monday with the All-Share Index dropping by 0.77 percent due to share price losses.

The index lost 299.81 points to close at 38,598.33 from the 38,898.14 achieved on Friday.

The market capitalisation, which opened at N12.791 trillion, lost N85 billion to close lower at N12.706 trillion.

A breakdown of price movement showed that Guinness lost N9.49 to close at N180.51 per share.

It was trailed by Seplat which lost N8 to close at N590, while Julius Berger dropped N1.01 to close at N68.89 per share.

Dangote Cement and Presco dropped N1 each to close at N227 and N42 per share, respectively.

On the other hand, Lafarge led the price gainers' table by 80k to close at N110 per share.

Flour Mills followed with a gain of 43k to close at N68.43, while Stanbic IBTC appreciated by 20k to close at N23.20 per share.

Ashaka Cement rose by 18k to close at N16.41, while Dangote Sugar Refinery grew by 15k to close at N9.50 per share.

AIICO Insurance emerged the most traded equity accounting for 31.33 million shares worth N24.76 million.

Transcorp followed with 14.89 million shares valued at N52.30 million, while Wema Bank traded 12.73 million shares worth N13.62 million.

FBN Holdings accounted for 11.49 million shares valued at N149.30 million, while Skye Bank traded 10.83 million shares valued at N38.71 million.

The volume of shares traded dropped by 48.28 per cent as investors' staked N1.23 billion on 146.99 million shares in 4 111 deals.

-      NAN

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