NGX Equities Market index falls by 0.04%

Toyin Ajadi, Lagos.

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The Nigerian Exchange (NGX) equities market started the week in the negative as the all-share index declined by 0.04% to close at 39,505.40 points, while the market capitalization dropped by N9 billion to close at N20.582 trillion as against N20.591 at the close of trade on Friday.


A total of 141.28 million shares valued at N1.63 billion were traded in 3,393 deals on Monday with the market recording 24 gainers and 18 losers.


Sky Shelter Fund led the gainers with a closing price of N67.90k, having gained N6.15k, followed by MRS Oil Nigeria with N1.25k gain to close at N13.85k and May and Baker, which gained N0.43k to close at N4.83k.


Conversely, Meyer led the losers with a closing price of N0.20k after a price loss of N0.39k. It was followed by Associated Bus Company, which lost N0.03k to close at N0.33k; Consolidated Hallmark Insurance lost N0.04k to close at N0.49k.


E- Tranzact International recorded the highest volume of 16.2 million traded shares, followed by Fidelity Bank with 10.4 million traded shares.


Sectoral performance was weak as three out of the five indices tracked closed in the red zone:

The Banking index declined by 0.65%, while the Oil and Gas index shed 0.27%. The Industrial Index shed 0.09%.

On the positive side, the Insurance index appreciated by 0.04%, while the Consumer Goods Index gained 0.02%.


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