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Business NSE market indices decline by 0.19%

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Weekly transactions on the Nigerian Stock Exchange opened on a bearish note on Monday as some blue chips recorded price losses.

The News Agency of Nigeria (NAN) reports that the All-share index depreciated by 68.59 points or 0.19 per cent to close at 36,857.22 from the 36,925.82 recorded on Friday.

The market capitalisation also depreciated by N22 billion or 0.19 per cent to close at N11.739 trillion from the N11.761 trillion recorded on Friday.

At the close of transactions, Flour Mills led on the price losers' chart by N3 to close at N80 per share.

Nigerian Breweries dipped by N2.77 to close at N170.23 per share, while PZ Cussons lost 99k to close at N37.01 per share.

Presco depreciated by 70k to close N34 per share, while Julius Berger fell by 65k to close at N77.85 per share.

On the other hand, Forte Oil led the gainers’ chart by N4.02 to close at N43.40 per share.

Nestle followed with a gain of N3.50 to close at N1, 002 per share, while Cadbury grew by N1.95 to close at N49.95 per share.

Ashaka Cement appreciated by 55k to close at N20.55 per share while Dangote Sugar rose by 40k to close at N11.70 per share.

In all, investors exchanged 309.87 million shares worth N4.1 billion in 4,277 deals when compared with the 536.93 million shares worth N2.5 billion traded in 3,817 deals on Friday
 
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