The Nigerian Stock Exchange on Monday began its trading for this week bearish, closing the day with a 0.22% decline.
Investors lost 45 billion Naira when the Market Capitalization stood at 20,176 trillion Naira at the end of Monday’s trading, representing a 0.22 percent fall from its previous closing of 20,221 trillion Naira.
The All-Share Index also declined by 0.22 percent or 86.64 basis points to close the day at 38,561.84 basis points from Friday’s 38, 648.48 basis points.
The market traded about 184.53 million units of shares worth 2.52 billion Naira in 3,527.00 deals that saw a total of 17 stocks posting gains, while 19 stocks declined.
The top three traded stocks for the day were:
FBN HOLDINGS PLC with a volume of about 31 million units of shares valued at N226 million.
NOTORE CHEMICAL IND PL followed with 22 million units of shares worth N1.375 billion and FIDELITY BANK PLC traded 15 million units of shares worth N35 million.
CORONATION INSURANCE PLC led today’s gainers’ chart with a 0.05k or 10.00 percent gain from its previous selling price of 0.50k per share to close at 0.55k per share.
Next is NIG. FLOUR MILLS PLC which increased in share price by 0.55k or 9.73 percent from N5.65k per share to N6.20k per share.
SMART PRODUCTS NIGERIA PLC gained 0.02k or 8.33 percent from a previous selling price of 0.24k per share to 0.26k per share, while the losers’ chart was topped by REGENCY ASSURANCE PLC when it declined from a selling price of 0.33k per share to end the day’s trading at 0.30k per share, losing 0.03k or 9.09 percent.
LIVESTOCK FEEDS PLC took the second top loser position with a 0.17k or 8.50 percent fall from N2.00 per share to a new selling price of N1.83k per share.
NIGERIAN BREWERIES PLC fell from N49.65k per share to N47.00 per share by N2.65k or 5.34 percent.
Sectoral performance showed mixed sentiments across boards, following gains in the Insurance index by 3.91 basis points or 2.0% and Oil & Gas index by 1.73 basis points or 0.7%.
And losses were seen in the Consumer Goods index by 8.21 basis points or 1.5% and Banking index by 3.59 basis points or 1.0%.
The Industrial Goods index, however, closed flat.
Amaka E. Nliam
