Financial Digest

NSE opens February trading with N160 billion loss

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In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.

Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08 per cent to close at 28,533.40 against 28,843.53 recorded on Friday due to sell-off of tier one banking stocks.In the same vein, the market capitalisation, which opened at N14.857 trillion, shed N160 billion or 1.08 per cent to close at N14.697 trillion.

Julius Berger trailed with a loss of N1.30 to close at N21.20, while Cadbury was down by N1.05 to close at N9.70 per share. Conversely, UDPC Real Estate Investment Trust led the gainers’ table, growing by 25k to close at N3.35 per share. Zenith Bank dominated the activity chart having accounted for 47.52 million shares valued at N952.85 million.

 

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