NGX All-Share Index drops by 0.03 percent

Chiamaka Okechukwu

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Trading activities in Nigerian equities started the week bearish with a 0.03 percent decline on major market indices.
At the end of the day’s business, the Nigerian Exchange Group Limited, NGX on Monday witnessed the market capitalisation of listed equities depreciate  by N7.5 billion to close attr30.387 trillion lower than Friday’s N30.394 trillion.
Consequently, the NGX All-Share Index, ASI declined by 13.79 basis points representing a 0.03 % drop to close at 55, 806.71 points lower than the 55,820.50 of the previous day.
The Exchange also recorded 26 gainers and 27 decliners to the close of the trading session.
Profit-taking activities were recorded in the market on NEM, OMATEK and CONOIL  shares as their respective prices increased by 10%, 10% and 9.94% to close at N5.50k, N0.22k and N76.85k.
On the flipside, JOHN HOLT, COURTVILLE and CHAMS shares dropped by 9.95%, 9.80% and 9.76% on their respective prices to close at N1.72k, N0.46k and N0.37k.
The bearish sentiment reflected in the trading activity as the total deals and volume dropped by 3.16% and 18.87%, to 7,221 and 369.78 million respectively, however the trade value remained positive with 224.33% to close at  N19.84 billion.
In terms of volume, GEREGU was the most active stock for the day with 52.491 million shares worth N16.36 million exchanging hands in 92 deals.
NPFMCRFBK followed with 50.02 million shares worth N90.64 million in 7 deals while ACCESSCORP 46.23 million shares worth N573.55 million in 522 deals.
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