NSE indices decline by 1.72%

The market indices of Nigerian Stock Exchange (NSE) on Monday declined by 1.72 per cent in spite of improved 2016 financial results released by Access Bank with dividend of 40k per share.
The market capitalisation shed N149 billion or 1.72 per cent to close at N8.507 trillion from N8.656 trillion achieved on Friday.
The All-Share Index, which opened at 25, 012.08, lost 430.09 points or 1.72 per cent to close at 24,581.99 amid price losses.
Dangote Cement recorded the highest price loss of N11.29 to close at N249.26 per share.
7UP  trailed with a loss of N9 to  close at N86, while Guinness lost N2.15 to close at N61.35 per share.
CAP declined by N1.48  to close  at N28.12, while Unilever was down by N1.17 to close at N27.81 per share.
On the other hand, Nestle led the  gainers’ table, growing by N62.58 to close at N691 per share.
Forte Oil followed with a gain of N2.63 to close at N54.50, while Nigerian Breweries gained N1.15  to close at N130.05 per share.
GTBank appreciated by 20k to close at N25, while Zenith Bank grew by 15k to close at N14.50 per share.
Zenith Bank emerged investors’ delight, exchanging 24.03 million shares worth N348.76 million.
UBA came second with 14.89 million shares valued at N74.72 million, while Transncorp traded 12.47 million shares worth N8.67 million.
United Capital sold 13.38 million shares valued at N33.90 million, while NEM Insurance traded 10.43 million shares worth N8. 65 million.
Investors staked N1.47 billion on 128.16 million shares in 2,978 deals against the 274.17 million shares worth N3.39 million achieved in 2,856 deals on Friday.