#EndSARS: Equity Market Closes On Flat Note As Protest Deepens

Equities market closed on Monday on a flat note as #EndSARS protests dented market sentiment.

Consequently, the All-Share Index depreciated by 0.14 basis points to close at 28,658.31 index points as against 28,658.45 recorded last Friday’s trading session.

Market capitalisation of equities stood at N14.979tn at last Friday to N14.979tn.

The market breadth closed positive with 19 gainers against 18 losers.

Meanwhile, a turnover of 1,287.30 million shares exchanged in 5,132 deals were recorded in the day’s trading.

The premium sub-sector was the most active (measured by turnover volume); with 142.34 million shares exchanged by investors in 1,981 deals.

The volume in the sub-sector was largely driven by activities in the shares of UBA Plc and Zenith Bank Plc.

Also, the banking sub-sector boosted by the activities in the shares of Fidelity Bank Plc and GTBank Plc followed with a turnover of 54.55 million shares in 773 deals.

Further analysis of the day’s trading showed that in percentage terms, International Breweries Plc topped the day’s gainers’ table with 9.94 per cent to close at N5.86 per share while Ikeja Breweries Plc followed with 9.90 per cent to close at N1.11 per share.

Cutix Nigeria Plc added 9.88 per cent to close at N1.78 per share.

On the flip side, Eterna Oil Plc led the losers’ with a drop of 8.98 per cent to close at N4.46 per share while May and Baker Plc shed 7.69 per cent to close at N3.00 per share.

Academy Press Plc trailed with 6.90 per cent to close at 27 kobo per share.