Equities Market Dips N463bn
The equities market of the Nigerian Exchange Limited (NGX) on Monday opened the new week negative, dropping by N463billion on investors’ sell-off in Guaranty Trust Holding Company (GTCO), Zenith Bank Plc, 40 others.
As NGX All-Share Index (ASI) lost 847.16 basis points or 1.24 per cent to close at 67,296.18 basis points, market capitalisation shed by N463 billion to close at N36.832 trillion.
Investor sentiment, as measured by market breadth, closed negative as 16 stocks advanced while 43 declined. Northern Nigeria Flour Mills (NNFM) emerged the highest price gainer of 9.96 per cent to close at N13.25, per share. Oando followed with a gain of 9.74 per cent to close at N8.45, while CWG Plc advanced by 9.00 per cent to close at N6.30, per share.
NPF Microfinance Bank increased by 8.20 per cent to close at N1.98, while R.T. Briscoe Nigeria added 7.32 per cent to close at 44 kobo, per share.
On the other side, eTranzact International, NASCON Allied Industries and Secure Electronic Technology led others on the losers’ chart with 10 per cent each to close at N9.00, N52.20 and 27 kobo respectively, per share. Dangote Sugar Refinery followed with a decline of 9.98 per cent to close at N57.75, while Learn Africa shed 9.86 per cent to close at N3.29, per share.
The total volume traded increased by 7.58 per cent to 520.133 million units, valued at N8.334 billion, and exchanged in 9,914 deals. Transactions in the shares of United Bank for Africa (UBA) led the activity with 73.932 million shares worth N1.050 billion. Access Holdings followed with an account of 57.669 million shares valued at N957.324 million, while Transnational Corporation (Transcorp) traded 52.725 million shares valued at N331.529 million.
Zenith Bank traded 43.129 million shares worth N1.523 billion, while FBN Holdings (FBNH) traded 26.574 million shares worth N480.793 million.