Trading of equities on the floor of the Nigerian Exchange Limited, NGX kicked off the week with negative sentiments attributed to investors profits taking off LAFARGE AFRICA PLC (-4.20%), ZENITH BANK PLC (-2.33%), STANBIC IBTC HOLDINGS PLC (-3.03%) and UNITED BANK FOR AFRICA PLC(-1.38%).
Consequently, the All-Share Index shed 0.11% to close at 49,991.41 basis points while the market capitalization lost ₦29.12bn to close at ₦26.96trn.
The total volume traded stood at 200.92 million units, valued at ₦1.45 billion, and exchanged in 3,976 deals.
STERLING BANK PLC was the most traded stock by volume with 90.9m units of shares traded while MTN NIGERIA COMMUNICATIONS PLC led the value charts in deals worth ₦252.47m.
As measured by market breadth, market sentiment was negative as 16 stocks lost relative to 12 gainers.
ASSOCIATED BUS COMPANY PLC (-9.68%) and JAPAUL GOLD & VENTURES PLC (-9.09%) topped the losers’ list, while CHAMS HOLDING COMPANY PLC (+7.69%) and FLOUR MILLS NIG. PLC (+4.46%) recorded the most significant gains of the day.
Analysing by sectors, the Banking (-0.9%), Industrial Goods (-0.4%), and Insurance (-0.1%) indices declined, while the Consumer Goods (+0.6%) index advanced. The Oil & Gas index closed flat.
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