Nigerian Exchange Limited

NGX Dips Slightly on Monday, Sheds 0.06 Percent

The Nigerian Exchange Limited (NGX) All-Share Index fell slightly on Monday after appreciating by 7.59 percent year to date.

Investors exchanged 278,605,710 shares valued at N2.887 billion in 4,447 transactions during the trading hours of Monday, while the market value of listed equities dipped by N12 billion to N24.749 trillion. NGX All-Share Index depreciated by 0.06 percent or 29.08 index points to 45,928.27 index points.

The sectoral breakdown showed the NGX banking index lost 45 basis points (bps) on declines in Unity Bank (-2.00%), UBA (-1.22%) and Zenith Bank (-0.78%). Sterling Bank (+1.90%) and Fidelity Bank (+1.13%) gained points.

Also, the NGX consumer goods index shed 23 bps on FTNCOCOA (-7.69%), NB (-1.46%), Unilever (-1.14%) and Champion (-0.42%). Honey Flour (+1.56%), Guinness (+0.71%) and Flour Mill (+0.18%) gained points. NGX industrial index dipped by 1bps on Cutix (-4.00%).

The NGX Oil and Gas Index, however, gained 167bps on SEPLAT (+3.30%).  The year-to-date return moderated to 7.52 percent as only 15 stocks recorded gain against 26 that closed in the red. See top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
LIVINGTRUST N 1.04 N 1.14 0.10 9.62 %
NNFM N 7.90 N 8.65 0.75 9.49 %
ACADEMY N 0.66 N 0.72 0.06 9.09 %
COURTVILLE N 0.46 N 0.50 0.04 8.70 %
ABCTRANS N 0.34 N 0.36 0.02 5.88 %

Top Losers

Symbols Last Close Current Change %Change
REGALINS N 0.42 N 0.38 -0.04 -9.52 %
FTNCOCOA N 0.39 N 0.36 -0.03 -7.69 %
NEM N 3.70 N 3.50 -0.20 -5.41 %
SOVRENINS N 0.24 N 0.23 -0.01 -4.17 %
CUTIX N 2.50 N 2.40 -0.10 -4.00 %

Top Trades

Symbols Volume Value
CHAMS 40546364.00 8114620.41
UBA 35114612.00 284738155.75
COURTVILLE 33325899.00 16547038.86
STERLNBANK 18779050.00 30102731.70
ACCESS 17068152.00 166412767.70

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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