NSE-All Share Index drops 0.18%

The market today closed with a 0.18% decline in the NSE-All Share Index (ASI) to 27,707.12.

With a market capitalization of 9.51 trillion, 195.02 shares were traded in 3,221 deals translating to a value of N1.57 billion.

Analysis of the top trades reveal a domination by the banking institutions, as FBN Holdings Plc. leads the pack with a volume of 53.8 million shares exchanged in  177 trades. The financial service provider dropped 0.94% in share value to close at N3.15. This is the highest volume if its shares traded in the last 8 market days.

Guinness Nigeria Plc emerged as the top gainer for this new business week, gaining 0.9% (N0.85) to close at N95.5. CAP Plc, the industrial goods manufacturer followed suit, closing at N32 on account of a 1.36% (N0.43) gain while financial services provider; United Bank for Africa trailed with a 3.6% gain (N0.16) to close at N4.5.

Conversely, Dangote Cement Plc. dropped 0.57% (N1.01) to close at N175 thus topping the decliners’ table. Distillery company, Nigerian Breweries Plc followed after with a 0.71% (N1) decline to close at N140. PZ Cussons with a 4.97% (N0.93) decline trailed to close at N17.77 while counterpart International Breweries Plc. tagged with a 3.85% (N0.76) decline to close at N19.