Nigerian Stock Market Resumes Weekly Trading In Negative Territory

By: Toyin Ajadi, Lagos

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Trading activities on the Nigerian equities market closed bearish at the end of transactions on the first day of the week continuing on the falling streak witnessed last week.

The all-share index depreciated by 0.06% to close at 67,876.92 points, being 38.49 points lower than 66,915.41 basis points at the close of trading on Friday last week while the market capitalisation shed N21 million to close at N36,742 trillion.

The market sentiment however closed positive as trading ended with 23 gainers as against 21 losers.

Top on the gainer’s chart for the day was Thomas Wyatt Nigeria with 9.92% price gain and a closing price of N3.99k. It was followed by Academy Press with 9.71% price gain and a closing price of N1.92k then Ikeja Hotel appreciated by 9.52% to close at N3.45k.

On the losing side, VFD Group was at the bottom point with a price loss of 9.99% to close at N242.40k, followed by Mc Nichols with 9.68% loss and a closing price of N0.56k while University Press lost 9.32% to close at N2.14k.

United Bank for Africa had the highest volume of 47.2 million traded shares and was followed by Access Holdings with 40.3 million shares.

At the end of the day’s trading, a total of 314. 61 million shares worth N4.4 billion were traded in 6,133 deals on Monday.

 

Olusola Akintonde

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