Tuesday’s trading of Equities on the floor of the Nigerian Exchange Limited, NGX ended with the benchmark index depreciating by 1.38%.
This is being attributed to profit-taking activities in MTN NIGERIA COMMUNICATIONS PLC (-9.94%), FBN HOLDINGS PLC (-10.00%), and GUARANTY TRUST HOLDING COMPANY PLC (-0.13%) this outweighing the gains in TRANSNATIONAL CORPORATION PLC (+2.85%), STERLING FINANCIAL HOLDINGS COMPANY PLC (+4.55%) and HONEYWELL FLOUR MILL PLC (+2.25%).
Thus, the NGX ASI settled at 100,582.89 points, while the market capitalization shed ₦772.98bn to close at ₦55.04trn.
Consequently, the Month-to-Date and Year-to-Date returns stood at -0.6% and +34.5%, respectively.
Analysis of today’s market activities showed that the value of transactions declined by 8.96% and the volume of trade declined by 4.7% even as a total of 280.46 million units of shares valued at ₦6.12bn were exchanged in 9,141 deals.
TRANSNATIONAL CORPORATION PLC (+2.85%) led the volume chart with 44.41 million units traded while NASCON ALLIED INDUSTRIES PLC (-7.73%) led the value chart with deals worth ₦893.68m.
As measured by market breadth, market sentiment was negative with 25 sticks declining relative to the 9 gainers.
FBN HOLDINGS PLC (-10.0%) and MULTIVERSE MINING AND EXPLORATION PLC (-10.0%) topped the losers’ list, while OMATEK VENTURES PLC (+9.9%) and AFRICA PRUDENTIAL PLC (+9.9%) recorded the highest gains of the day.
Analysing by sectors, the Banking (-3.4%), Insurance (-2.2%), Consumer Goods (-0.2%) and Industrial Goods (-0.1%) indices settled lower, while the Oil & Gas index closed flat.
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