Trading on the equities market resumed on the floor of the Nigerian Exchange Limited, NGX on Tuesday on a negative by 0.082% after the worker’s day public holiday declared by the Nigerian government.
Investors’ sell-offs of LAFARGE AFRICA PLC which declined by 5.20% and MTN NIGERIA COMMUNICATIONS PLC which fell 0.5% spurred the first loss of the week, which also marks the beginning of trading for the month of May.
The Market Capitalization dropped from 20,847 trillion naira by 17 billion naira or 0.082% to close at 20,830 trillion naira.
Similarly, the All-Share Index dropped 32.64 basis points or 0.082% from 39,834.42 basis points to 39,801.78 basis points.
Investors traded 426,508 million units of shares worth 4.654 billion naira in 5,616.00 deals where 24 stocks posted gains while 17 stocks declined.
FBN Holdings Plc was the most traded stock in volume with 79.6 million units of shares while ZENITH BANK PLC was the most traded stock by value at N1,282 billion.
LASACO ASSURANCE PLC topped the gainers chart appreciating from N1.42k to N1.56k by 0.14k or 9.86% followed by NEIMETH INTERNATIONAL PHARMACEUTICALS PLC moving from N1.73k per share to N1.90k per share by 0.17k or 9.83%. INTERNATIONAL BREWERIES PLC was next rising from a previous selling price of N5.20k per share to N5.70k per share by 0.50k or 9.62%.
On the reverse side, LINKAGE ASSURANCE PLC led the losers with a drop from a previous selling price of 0.85k per share to 0.53k per share, losing 0.08k or 13.11%.
Next is REGENCY ASSURANCE PLC with a downward movement from 0.33k per share to 0.30k per share, dropping 0.03k or 9.09%. Then CONSOLIDATED HALLMARK INSURANCE PLC was right after with a fall from 0.39k per share to 0.36k per share, loosing 0.03k or 7.69%.
Sectoral performance was broadly negative as the Insurance index fell 1.3%, Oil & Gas index declined 0.7%, Industrial Goods index dropped 0.6% and Banking index lost 0.3%, with only the Consumer Goods index being the sole gainer by 0.8%.
Nneka Ukachukwu
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