The Nigerian equities market opened the week on a bearish note with the All-Share Index losing 0.83% to close at 49,950.32 points while market capitalization lost ₦226.45bn to close at ₦26.94trn.
Today’s transaction, which also marks the start of a new trading month, was influenced by investors selloffs of BUA CEMENT PLC.
Analysis of today’s market activities showed that the total volume of trades today stood at 176.05 million units of shares, valued at ₦2.27billion, and exchanged in 4,965 deals.
GUARANTY TRUST HOLDING COMPANY PLC was the most traded stock by volume at 21.37 million units, while ZENITH BANK PLC was the most traded stock by value at ₦429.28 billion.
As measured by market breadth, market sentiment was positive with the 21 advancing issues outnumbering the 14 declining ones.
COURTEVILLE BUSINESS SOLUTIONS PLC and CAVERTON OFFSHORE SUPPORT GRP PLC both recorded the most significant gains of the day, gaining 10.0%.
While BUA CEMENT PLC which declined 9.96% and MCNICHOLS PLC which fell 9.89%, topped the losers’ list.
Analysing by sectors, the Banking (+0.2%), and Insurance (+0.1%) indices advanced, while the Industrial Goods (-4.2%) and Consumer Goods (-0.1%) indices declined. The Oil & Gas index closed flat.
Hauwa Abu
