On Saturday, the Nigerian Exchange (NGX) Limited fell 0.06 percent as a result of persistent profit-taking influenced by weak investor sentiment.
Investors found a reason to sell insurance, consumer goods, and industrial goods stocks, which fell 1.47 percent, 0.19 percent, and 0.01 percent, respectively.
However, the energy sector gained 0.72 percent, while the banking sector gained 0.01 percent yesterday.
The All-Share Index (ASI) was down 32.60 points at the close of trading to 54,327.30 points from 54,359.90 points, and market capitalisation was down N17 billion to N29.591 trillion from N29.608 trillion.
Yesterday’s market breadth was negative, with 22 price losers and 13 price gainers at the close of trading on the bourse.
International Energy Insurance fell 9.49 percent to N1.24, Sovereign Trust Insurance fell 8.33 percent to 30 Kobo, The Initiates fell 8.33 percent to 44 Kobo, Consolidated Hallmark Insurance fell 7.35 percent to 63 Kobo, and Cutix fell 7.24 percent to N2.05.
Conoil, on the other hand, increased by 9.95% to N32.05, Tripple Gee increased by 9.60% to N1.37, Geregu Power increased by 4.85 % to N209.70, NPF Microfinance Bank increased by 1.12 % to N1.80, and Caverton increased by 1.04 % to 97 Kobo.
During the session, traders transacted 175.7 million shares worth N5.3 billion in 3,563 deals, compared to 222.6 million shares worth N3.0 billion traded in 3,287 deals on Thursday, indicating a 21.07 percent decrease in trading volume, a 76.67% increase in trading value, and an 8.40% increase in the number of deals.
