Stock investors at the Nigerian bourse lost a whopping N125billion on Monday May 14, 2018. This comes on the heels of Nestle Nigeria Plc, Okomu Oil Palm Plc and Nigerian Breweries, respectively leading the basket of 32 companies that recorded share price decline against just 11 gainers.
At the close of trading session on Monday May 14, 2018, the Nigerian Stock Exchange (NSE) All Share Index (ASI) which tracks the performance of stocks listed on the Bourse decreased by 0.84percent while the Year-to-Date (ytd) return stood at 6.37percent.
The All Share Index closed at 40,677.61 points against the preceding day close of 41,022.31 points. The Market Capitalisation closed at N14.735 trillion against preceding day close of N14.860 trillion, down by about N125billion.
Nestle Nigeria Plc stock price declined from N1, 580 to N1, 530, down by N50 or 3.16percent; Okomu Oil Palm Plc followed from N90 to N85.5, down by N4.5 or 5percent; while Nigerian Breweries Plc lost N2.5, from N124.5 to N122, a decline of 2.01percent.
On the gainers table, Caverton Offshore Support Group Plc rallied most from N2.61 to N2.74, up by 13kobo or 4.98percent; while Fidson Healthcare Plc followed with a record 11kobo or 2.04percent gain, from N5.38 to N5.49 .
The volume of stocks traded increased by 1.95percent, from 214.581 million to 218.773 million, while the total value of stocks traded decreased by 47.32percent, from N4.234 billion to N2.231 billion in 4,109 deals.
The Financial Services sector led Monday activity chart with 170.007 million shares exchanged for N1.335 billion; followed by 12.468 million shares traded for N51million.
United Bank for Africa Plc, FCMB Group Plc, Sovereign Trust Insurance Plc, FBN Holdings Plc and Fidelity Bank Plc were actively traded stocks on the Nigerian Stock Exchange on Monday.
Iheanyi Nwachukwu
