The Nigerian Exchange Limited (NGX) started the week’s trading in the equities market negatively, with both the All-Share Index and the Market Capitalization declining by 0.27 percent.
While the All-Share Index fell by 103.61 basis points from 38,648.91 basis points dropping to 38,545.30 basis points, the Market Capitalization depreciated by 54 billion Naira from 20,143 trillion Naira to 20,089 trillion Naira.
The fall is attributed to the sell-offs on BUA CEMENT PLC which declined by 2.8%.
The total volume of trades decreased to 209.21 million units, valued at N1.76 billion, and exchanged in 3,390 deals.
ACCESS Bank Plc was the most traded stock by volume at 22.72 million units, while ZENITH BANK PLC was the most traded stock by value at N384.58 million.
However, market sentiment as measured by market breadth was positive, with 18 stocks gaining relative to 16 losers.
The three top gainers for the day were: MEYER PLC which gained 8.8%, CHAMPION BREW. PLC which upped 6.1% and JULIUS BERGER NIG. PLC. 4.71%.
The three top losers at the close of the day’s transactions were: FIDSON HEALTHCARE PLC which fell 9.8%, LASACO ASSURANCE PLC which fell 9.3% and MUTUAL BENEFITS ASSURANCE PLC. which fell by 8.89%.
Analyzing by sectors, the Industrial Goods, Insurance and Oil & Gas indices declined by 1.2%, 1.1% and 0.1%, respectively, while the Banking and Consumer Goods indices appreciated by 0.1% and 0.1%, respectively.
