Trading of equities on the floor of the Nigerian Exchange Limited (NGX) ended on a negative note on Monday, the first trading day of the week, largely influenced by profit-taking witnessed in MTN NIGERIA COMMUNICATIONS PLC by -0.6%, ZENITH BANK PLC by -2.2%, and BUA CEMENT PLC -0.7% resulting to a 0.4% decline.
This week, activities began with the All-Share Index falling to 37,857.89 basis points by 136.3 basis points or 0.4 percent from the 37,994.19 basis points attained on Friday.
Likewise, the Market Capitalization declined to N19,724 trillion Naira from Friday’s N19,795 trillion Naira by 71 billion or 0.4 percent.
Investors traded the sum of 187,244 million units of shares valued at N 2,890 billion Naira in 4,017 deals.
ZENITH BANK PLC was the most traded stock by both volume and value with 35,319 million units of shares at 870,866 million Naira.
However, only 13 stocks declined while 16 stocks appreciated as all other stocks remained unchanged.
TRIPPLE GEE AND COMPANY PLC was the biggest gainer for the day, increasing from 0.91k per share to N1.00 per share, by 0.09k or 9.89 percent. It was followed by REGENCY ASSURANCE PLC, which moved from 0.45k per share to 0.49k per share by 0.04k or 8.89 percent.
UPDC PLC upped to N1.21 from N1.30k per share by 0.09k or 7.44 percent whereas CWG PLC saw the biggest decline when it fell from N1.26k per share to N1.14k per share by 0.12k or 9.52 percent.
INTERNATIONAL BREWERIES PLC was right after with a fall from N5.30k per share to N5.00k per share by 0.30k or 5.66 percent, while CHAMPION BREW. PLC fell from N2.17k per share to N2.10k per share by 0.07k or 3.23 percent.
Performance across sectors was mixed with 1.0% loss in the Banking index; 0.4% loss in the Consumer Goods index and 0.4% loss in the Industrial Goods index.
On the other hand, the Oil and Gas index gained by 0.1%, while the Insurance index closed flat.
