The Nigerian equities market commenced this week’s trading activities on a negative note, with the Market capitalisation shedding ₦40bn or 0.17 percent off Friday’s ₦23,918trn, thereby closing at ₦23,878trn.
Likewise the All-Share Index closed 73.56 basis points or 0.17% weaker to settle at 43,858.34 from previous closing of 43,912.64 basis points.
Monday’s loss is due to selloffs of MTN NIGERIA COMMUNICATIONS PLC(-0.05%), ZENITH BANK PLC (-0.50%), GUARANTY TRUST HOLDING COMPANY PLC (-1.68%), ECOBANK TRANSNATIONAL INCORPORATED (-9.6%) and INTERNATIONAL BREWERIES PLC (-9.8%).
At the close of transactions today, a total of 161.08m shares valued at ₦3.47bn were exchanged in 4,258 deals with TRANSNATIONAL CORPORATION PLC (+1.90%) leading the volume chart by 19.04m units traded while SEPLAT ENERGY PLC (+0.00%) led the value chart in deals worth ₦1.32bn.
Market breadth closed negative with 19 declining issues outnumbering 8 advancing ones.
Top on the advancers chart is NIGERIAN AVIATION HANDLING COMPANY PLC with an opening selling price of ₦5.16k upping to close at ₦5.67k per share, gaining 0.51k or 9.88 percent.
Followed by COURTEVILLE BUSINESS SOLUTIONS PLC gaining from 0.46k per share to 0.50k per share by 0.04k or 8.70 percent. While NEM INSURANCE PLC gained 0.25k or 6.67 percent to close at ₦4.00 per share from ₦3.75k per share.
Conversely however, INTERNATIONAL BREWERIES PLC led the losers table with a drop from ₦4.60k per share to ₦4.15k per share, shedding 0.45k or 9.78 percent.
LIVESTOCK FEEDS PLC fell from ₦1.13k per share to ₦1.02k per share losing 0.11k or 9.73 percent. And JAPAUL GOLD & VENTURES PLC declined from 0.31k per share to 0.28k per share losing 0.03k or 9.68 percent.
Sectoral performance was mixed, as the Banking (-0.8%), Consumer Goods (-0.4%), and Oil & Gas (-0.4%) indices recorded losses, while the Insurance (+0.3%) index was the sole gainer of the day. The Industrial Goods index closed flat.
