In its second trading session for this week, the equities market dipped further by 0.32% on the floor of the Nigerian Exchange Limited, NGX caused by selling pressures on Oando PLC.
Consequently, the Month-to-Date and Year-to-Date returns settled at 3.2% and +4.7%, respectively.
Specifically, the All Share Index declined from 108,126.97 basis points to 107,781.61 basis points, losing 345.36 basis points or 0.32%. While the Market Capitalization depreciated from ₦67,384 trillion to ₦67,168 trillion, losing ₦216 billion or 0.32%.
The total volume traded however increased from 357.76 million units of shares valued at ₦9.21 billion, and exchanged in 15,914 deals to 363.013 million units of shares valued at ₦10. 118 billion in 13,753 deals.
ACCESS HOLDINGS PLC was the most traded stock by volume at 36.85 million units of shares, while GUINNESS NIG PLC was the most traded stock by value at ₦1.59 billion.
As measured by market breadth, market sentiment was negative with 49 declining stocks outnumbering the 13 gainers.
At the top of the losers chart is HONEYWELL FLOUR MILL PLC with a -₦1.25 or -10.00 percent fall in selling price from ₦12.50k per share to ₦11.25k per share. Followed by MORISON INDUSTRIES PLC. losing -0.36k or -9.97 percent to settle at ₦3.25k per share as against yesterday’s ₦3.61k per share. While UNIVERSITY PRESS PLC. fell from ₦5.05k per share to ₦4.55k per share, losing -0.50k or -9.90 percent.
While on the gainers table, SMURFIT led with a 0.03k or 10.00 percent rise in price from 0.30k per share to 0.33k per share. Next is NIGERIAN EXCHANGE GROUP rising by ₦2.90k or 9.97 percent to ₦32.00k per share from ₦29.10k per share. And RED STAR EXPRESS PLC appreciated to ₦7.33k per share from ₦6.69k per share by 0.64k or 9.57 percent.
Sectoral performance was bearish as the Insurance (-3.5%), Oil & Gas (-1.0%), Banking (-0.6%), and Consumer Goods (-0.2%) indices declined. The Industrial Goods index remained unchanged.
Olusola Akintonde
Comments are closed.