Investors began this week’s trading of equities on the floor of the Nigerian Exchange Limited, NGX with mixed sentiments as the benchmark index closed flat.
Monday’s transactions ended with both the All-Share Index remaining unchanged at 44,269.43 basis points as well as the market capitalisation which stood at ₦24.11trn.
However, market sentiment as measured by market breadth was negative with 16 stocks losing as against 11 gainers.
Also, the value of transactions declined by 51.63% as the total volume of trades declined by 85.4% to close at 103.266 million units of shares traded, valued at ₦2.139 billion, and exchanged in 3,206 deals.
ZENITH BANK PLC (+0.76%) led the volume chart with 15.13m units traded, while GEREGU POWER PLC (-3.42%) led the value chart in deals worth ₦1.20bn.
LEARN AFRICA PLC, CORNERSTONE INSURANCE PLC and R T BRISCOE PLC topped the the laggard’s list by 0.16k or 9.52%, 0.04k or 9.09% and 0.03k or 9.09%.
On gainers’ list however, ROYAL EXCHANGE PLC, CUTIX PLC and UNITED CAPITAL PLC led by 0.07k or 9.72%, 0.14k or 6.83% and 0.65k or 5.73%.
Sectoral performance was mixed, as the Insurance (-0.8%), and Oil & Gas (-0.7%) indices declined, while the Banking (+0.5%) index advanced. The Industrial Goods and Consumer Goods indices closed flat.
