Zenith Bank emerges most traded equity as NSE market indices drop by 0.61%

Trading at the Nigerian Stock Exchange (NSE), resumed for the week on a negative trend on Monday with the market indices dropping by 0.61 per cent due to sell pressure.
The All-Share Index lost 182.94 points or 0.61 per cent to close at 29,828.95 compared to 30,011.89 posted on Friday following loses by blue chip equities.
Similarly, the market capitalisation shed N63 billion or 0.61 per cent to close at N10.251 trillion as against N10.314 trillion recorded on Friday.
Okomu Oil topped the losers’ chart, dropping by N2.56 to close at N28 per share.
Nigerian Breweries lost N2.01 to close at N125.01, while GlaxosmithKline declined by N1.98 to close at N38.01 per share.
Stanbic IBTC shed N1.15 to close at N21.85 and Oando dropped 96k to close at N9 per share.
Conversely, Seplat led the gainers’ table growing by 50k to close at N235 per share.
Lafarge Africa also gained 50k to close at N98, while Flour Mill garnered 30k to close at N21.30 per share.
Zenith Bank improved by 20k to close at N17.90 and Berger Paint increased by 16k to close at N10.50 per share.
Zenith Bank emerged the most traded equity, exchanging 177.67 million shares worth N3.18 billion traded in 250 deals.
It was trailed by FBN Holdings with 41.76 million shares valued at N237.79 million exchanged in 419 deals, while Diamond Bank sold 27.54 million shares worth N78.76 million in 30 deals.
Transcorp transacted 16.54 million shares valued at N33.33 million in 173 deals and Continental Reinsurance accounted for 14.31 million shares worth N14.17 million exchanged in 28 deals.
In all, investors bought and sold 366.92 million shares valued at N5.24 billion traded in 2,976 deals.
This was against 151.18 million shares worth N1.71 billion achieved in 2,604 deals on Friday.