The equities market on the floor of the Nigerian Exchange Limited (NGX) started this week’s trading marginally bearish as profit-taking in GUARANTY TRUST BANK PLC, which fell by 1.2%, caused a 0.1% decrease in the All-Share Index (ASI).
Thus, the NGX ASI stood at 38,686.40 basis points, falling 39.7 basis points from the 38,726.10 basis points recorded on Friday, while the Market Capitalization stood at N20,164 trillion Naira, losing N21 billion from 20,185 trillion Naira recorded on Friday.
The total volume of trades increased by 5.9% to 210.75 million units, valued at N1.50 billion and exchanged in 3,958 deals, where FBN Holdings Plc was the most traded stock by volume at 16.64 million units, while ZENITH BANK PLC was the most traded stock by value at N365.90 million.
As measured by market breadth, market sentiment was negative as 28 stocks lost relative to 13 gainers.
JULI PLC and CWG PLC topped the losers’ list by 9.93 % and 9.8% respectively, while MORISON INDUSTRIES PLC and CONOIL PLC recorded the most significant gains of the day with 9.7% and 9.6% respectively.
Sectoral performance was broadly negative as the Insurance index fell by 1.3%; Banking Index fell by 0.9%; Consumer Goods index fell by 0.1%, while Industrial Goods index fell by 0.1%.
On the other hand, the Oil & Gas index was the lone gainer with 0.3%.
Amaka E. Nliam
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