Equities market resumes trading week with N105bn loss
The Nigerian equities market started trading for the week with market capitalization dipping by N105 billion at the end of Tuesday’s transactions.
This week’s trading activities kicked off on Tuesday, with the nation observing Monday as Public holiday in commemoration of Easter.
Lead market indices thus dropped 1.19 percent as market cap closed at N8.722 trillion while All Share Index settled at 25, 207.07 points, increasing the year to date losses to -6.3 percent
FBN Holdings led 13 other gainers with a growth of 5 percent. The stock closed at N3.36. CI leasing followed, increasing by 4.69 percent to close at 67 kobo per share, while Dangote Flour started the week with an appreciation of 4.27 percent to close at N4.40 per share.
Meanwhile, Fidelity Bank topped the day’s 18 depreciating stocks. It lost 9.09 percent to close at 80 kobo, Ecobank Transnational (ETI) was next with a decline of 5 percent to close at N7.79 per share and Eterna Oil depreciated 4.98 percent to close at N3.05 per share.
Market activity measured by volume and value closed mixed, as investors in 2,854 deals moved 254.96 million shares valued at N2.45 billion compared to 349.3 million shares worth N2.3 million transacted in previous session.
