NSE All-Share Index down by 0.17 per cent in bearish market

Transactions at the Nigerian Stock Exchange (NSE) opened for May on Monday on a bearish note with the All-Share Index dropping by 0.17 per cent.
The index lost 58.83 points representing 0.17 per cent to close at 34,649.28 against 34,708.11 posted on April 30.
Also, the market capitalisation which opened at N11.78 trillion lost N19 billion to close at N11.76 trillion as a result of price depreciation by some blue chip companies.
An analysis of the price movement chart indicates that Total topped the losers’ chart, dropping by N5.17 to close at N150.33 per share.
It is trailed by Dangote Cement with a loss of N4.50 to close at N180, while UAC lost N1.99 to close at N40.01 per share.
Glaxosmithkline dipped N1 to close at N54, while Forte Oil dropped 65k to close at N177 per share.
On the other hand, Seplat led the gainers’ table, growing by N2.06 to close at N379.06 per share.
Okomu Oil Palm garnered N1.11 to close at N28.52, while Nigerian Breweries appreciated by 99k to close at N158 per share.
PZ Industries appreciated by 80k to close at N29.30, while Oando increased by 70k to close at N18.70 per share.
United Bank for Africa was the toast of investors, accounting for 31.82 million shares worth N165.39 million.
Access Bank came second with 31.44 million shares valued at N188.63 million, while Zenith International Bank sold 31.27 million shares worth N676.23 million.
Transcorp accounted for 30.49 million shares valued at N970.72 million, while FBN Holdings exchanged 22.06 million shares worth N208.94 million.
In all, a total of 324.48 million shares worth N6.42 billion were transacted by investors in 4,845 deals.
This is against the 374.56 million shares valued at N3.75 billion traded in 4,616 deals on April 30.