The equities market of the Nigerian Exchange Limited, NGX ended Wednesday’s transactions bearish, as investors took profit off ZENITH BANK PLC which declined 2.0%, LAFARGE AFRICA PLC which fell 2.6% and GUARANTY TRUST HOLDING COMPANY PLC which fell 1.1%.
Thus, the All-Share index declined by 37.94 basis points or 0.1% to 41,975.45 points from 42,013.39 basis points.
Similarly, the Market Capitalization declined 0.1% or 20 billion Naira to 21,905 trillion Naira from 21,925 trillion Naira.
The total volume of trades decreased by 37.2% to 292.94 million units, valued at N2.06 billion, and exchanged in 4,899 deals.
FBN HOLDINGS PLC was the most traded stock by volume and value at 59.61 million units and N614.76 million, respectively.
Consequently, Market Sentiment, measured by market breadth, was negative, as 20 stocks lost relative to 13 gainers.
LASACO ASSURANCE PLC and CHAMS PLC topped the losers’ list falling 9.4% and 8.3%, respectively, while MULTIVERSE MINING AND EXPLORATION PLC and UNIVERSAL INSURANCE PLC both advanced by 10.0%, recording the most significant gains of the day.
Sectoral performance was broadly negative as the Insurance declined index 1.5%, Banking Index fell 1.0%, Industrial Goods index fell 0.2%, and Oil & Gas index fell 0.1%, while the Consumer Goods index was the sole gainer advancing 0.1%.
Bilkisu Pai
