The Nigerian Exchange Limited, NGX began this week’s trading activities on a negative note with the benchmark index declining by 0.33%.
The market capitalisation shed ₦130bn to close at ₦38,795trn from ₦38,925trn. While the All-Share Index declined 236.57 basis points to close at 70,612.81 basis points from 70,849.38 basis points.
The loss seen on Monday was primarily due to profit taking activities in BUA CEMENT PLC (-7.76%), ACCESS HOLDINGS PLC (-0.29%) and INTERNATIONAL BREWERIES PLC (-1.11%) shares.
This outweighed the gains in MTN NIGERIA COMMUNICATIONS PLC (+2.56%), ZENITH BANK PLC (+1.36%) and GUARANTY TRUST HOLDING COMPANY PLC (+0.84%).
Analysis of today’s market activities showed that the value of transactions went up by 39.35% while the total volume traded decreased by 14.8%.
Consequently, a total of 474.39m units of shares valued at ₦7.75bn were exchanged in 7,630 deals where FIDELITY BANK PLC was the most traded stock by volume at 94.05 million units of shares, while MTN NIGERIA COMMUNICATIONS PLC was the most traded stock by value at ₦2.23 billion.
Market sentiment, as measured by market breadth, was positive with 26 stocks advancing relative to 18 decliners.
ALUMINIUM EXTRUSION IND. PLC (+10.00%) and R T BRISCOE PLC (+10.00%) recorded the highest gains of the day, while JAPAUL GOLD & VENTURES PLC (-9.09%) and BUA CEMENT PLC (-7.76%) topped the losers’ list.
Sectoral performance was mixed, as the Industrial Goods (-3.3%), Insurance (-0.1%) and Consumer Goods (-0.1%) indices recorded losses while the Oil & Gas index closed flat. The Banking (+0.4%) index was the sole gainer for the day.
