Nigeria’s equities market resumed from Christmas holidays on negative sentiment as the All-Share Index fell by 1.08 percent representing 455.75 basis points to close at 41,807.10 amid sell-off on blue-chip stocks.
Similarly, the market capitalisation of listed equities declined by 1.08 percent to close at N21.82 trillion as against N22.06 trillion made by investors on Friday before the Christmas holidays.
The negative sentiment was specifically seen in tickers such as BUA Cement, PZ, Eterna, Oando, Honeyflour and MTN as their share prices decreased by 10.00%, 8.96%, 4.72%, 2.17%, 1.45%, and 0.38% respectively.
The gainers on the other hand were UBN, Royal Exchange Insurance Plc, Sovereign Trust Insurance Plc which gained 9.91%, 9.09 and 7.69% on their share prices.
At the end of the transactions, the Exchange recorded 17 gainers’ and 16 losers’ as investors saw 180,181 million units of shares exchanged hands in 3,828 deals.
The performance across sub-indices was largely negative except for the NGX Banking index which increased by 1.41%.
The NGX Oil and Gas index, NGX Insurance Index, NGX Consumer Goods Index and the NGX Industrial Index decreased by 0.52%, 0.24%, 0.16% and 3.91%.
Bilkisu Pai
