Equity Market Begins Trading with 0.15% Loss on First Day

After closing on a positive note last Friday, the Nigeria Exchange (NGX) started the week on a bearish note as the All-Share Index declined by 0.15% to close at 71,008.7 points after closing at 71,112.99 points during last week’s trading day.

Equities lost N57 billion as the market capitalisation declined to N39.051 trillion.

While the market closed in the negative, the market breadth was negative as 33 stocks closed in the positive, while 15 stocks closed in the negative.

There was an increase in the number of deals to 6,551 from last Friday’s 5,883. There was a decline in the volume of trading to 358.446 million units, an 18.8% decline from last Friday’s 441.579 million units.

The trading value also recorded a decline to N4.36 billion, down from last Friday’s N6.03 billion.

Top gainers yesterday according to market activities were Mercure, Multiverse, ABC Transport, C&I Leasing and NNFM.

On the losers’ chart, there were RT Briscoe, Prestige, Stanbic, CWG and Calverton.

In terms of trading volume, ACCESSCORP (-0.58%) led with 27.83 million units, followed by AIICO (+2.70%) with 21.93 million units, UNIVINSURE (+4.17%) with 21.73 million units, JAPAULGOLD (+0.59%) with 21.24 million units, and VERITASKAP (+6.90%) with 19.00 million units.

In terms of value, ZENITH BANK (-0.75%) led the chart with N502.95 million, followed by ACCESSCORP (-0.58%) with N474.63 million, GEREGU (+0.88%) with N424.08 million, VFDGROUP (0.00) with N385.79 million, and AIRTELAFRI (0.00) with N276.60 million.