NSE moves N1.9b worth of shares in depressed trading

Weekly trading on the Nigerian Stock Exchange opened on Monday on a negative note as some major blue chips recorded price losses
The All-share index depreciated by 1132.14 points or 3.13 per cent to close at 35,032.16 against 36,164.30 recorded on Friday.
Also, the market capitalisation, which opened at N11.426 trillion, depreciated by N79 billion to close at  N11.347 trillion.
Nestle, led the loser’s chart with a loss of N24 to close at N936 per per share.
CAP came second with N5.39 to close at N48.52 per share, while FlourMills dropped N5 to close at N80 per share.
Presco lost N2.89 to close at N38 per share, while UACN dipped by N2.88 to close at N54.12 per share.
On the other hand, Guinness led the price gainers’ chart, gaining 64k to close at N251.71 per share.
Betaglass followed with a gain of 50k to close at N10 per share, while Nigerian Breweries grew by 40k to close at N156.50 per share.
UAC-Property gained 30k to close at N14.81 per share, while Eternal rose with 25k to close at N3.40 per share.
Transcorp was as the most traded stock with 176.41 million shares valued at 255.80 million.
GTBank trailed with 21.75 million shares worth N522.36 million, while Wema Bank  accounted for 18.31 million shares valued at N21.97 million.
Aiico sold 12.33 million shares valued at N11.04 million, while UBA traded 9.01 million shares worth N72.69 million.
In all, investors exchanged 315.78 million shares worth N1.9 billion in 4,099 deals against the 774.84 million shares worth N4.8 billion exchanged in 5,402 deals on Friday.