The Nigerian Exchange Limited, NGX, commenced this week’s trading with a sharp decline attributed mainly to selloffs in telco heavyweight, AIRTEL AFRICA PLC which declined by 10.00%.
Consequently, the All-Share Index declined 1,203.09 basis points or 2.53% from 47,569.04 basis points to close at 46,365.95 basis points.
While the market capitalisation lost ₦656bn or 2.53% to close at ₦25.254trn from ₦25.910trn.
At the close of today’s market activities, a total of 137.98m units of shares valued at ₦4.32bn were exchanged in 3,234 deals where 14 stocks posted gains relative to 5 stocks decliners.
GUARANTY TRUST HOLDING COMPANY PLC led the volume chart with 33.72m units traded while AIRTEL AFRICA PLC led the value chart in deals worth ₦1.74bn.
To lead the advancers table is P Z CUSSONS NIGERIA PLC with a previous selling price of ₦8.40k per share to now close at ₦9.20k per share, gaining 0.80k or 9.52%.
Followed by UNIVERSITY PRESS PLC which opened at ₦1.50k per share and closed at ₦1.64k per share, up 0.14k or 9.33%.
And COURTEVILLE BUSINESS SOLUTIONS PLC upped from 0.46k per share to 0.48k per share, gaining 0.02k or 4.35%.
Conversely, AIRTEL AFRICA PLC led the decliners chart falling from ₦1,800.00 per share to ₦1,620.00 per share, losing ₦180.00 or 10.00%.
While SOVEREIGN TRUST INSURANCE PLC dropped from 0.28k per share to 0.26k per share by 0.02k or 7.14%. And AIICO INSURANCE PLC fell from 0.57k per share to 0.53k per share shedding off 0.04k or 7.02%.
Analysing by sectors, the Insurance (-1.2%) and Consumer Goods (-0.1%) indices closed lower, while the Industrial Goods and Oil & Gas indices closed flat. The Banking (+0.9%) index was the sole gainer of the day.