Following a positive close last Friday, the Nigeria Exchange (NGX) kicked off the new week on a bearish note with the All-Share Index dipping by 0.15%, settling at 71,008.7 points compared to the previous week’s closing at 71,112.99 points.
Equities experienced a setback, witnessing a loss of N57 billion as the market capitalization slid to N39.051 trillion.
Despite the overall negative trend, market breadth revealed 33 stocks in the positive and 15 in the negative.
The number of deals increased to 6,551 from last Friday’s 5,883, indicating heightened market activity. However, the volume of trading saw a decrease to 358.446 million units, reflecting an 18.8% decline from the 441.579 million units traded on the previous Friday.
The trading value also saw a dip, standing at N4.36 billion, down from last Friday’s N6.03 billion.
Top gainers in yesterday’s trading session included Mercure, Multiverse, ABC Transport, C&I Leasing, and NNFM.
Conversely, the losers’ chart featured 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.
Regarding value, ZENITH BANK (-0.75%) topped 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.
