Nigerian Exchange Limited
Nigerian Stock Market Extends Decline on Monday
The equities market in Africa’s largest economy closed in the red on Monday to extend its last week’s decline.
Investors traded 291,881,948 shares worth N2.855 billion in 4,792 transactions during the trading hours of Monday, while the Nigerian Exchange Limited (NGX) All-Share Index dipped by 0.01% to 47,262.61 index points.
The market value of listed equities also depreciated to N25.472 trillion, a N3 billion decline from N25.475 trillion it closed on Friday.
Analysing industry performance, the banking industry gained 67 basis points (bps) on the back of positive growth in Jaiz Bank, Fidelity Bank, Unity Bank, UBA and Zenith Bank. Union Bank and Wema Bank, however, closed in the red.
Also, the consumer goods industry appreciated by 16bps as stocks of Honey Flour, Intbrew and Dangote Sugar posted gains. Nascon and Unilever were the two losers in the sector.
The oil and gas industry surprisingly lost 240bps despite the jump in global oil prices to over $130 a barrel earlier on Monday. Seplat was the single stock that dragged the industry down. Oando gained 0.61%. NGX Industrial was unchanged.
The year-to-date return moderated to 10.64%. See the details of top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| CORNERST | N 0.64 | N 0.70 | 0.06 | 9.38 % |
| WAPIC | N 0.46 | N 0.50 | 0.04 | 8.70 % |
| FTNCOCOA | N 0.36 | N 0.39 | 0.03 | 8.33 % |
| HONYFLOUR | N 3.70 | N 3.89 | 0.19 | 5.14 % |
| MBENEFIT | N 0.25 | N 0.26 | 0.01 | 4.00 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| NIGERINS | N 0.23 | N 0.21 | -0.02 | -8.70 % |
| AIICO | N 0.70 | N 0.66 | -0.04 | -5.71 % |
| LINKASSURE | N 0.58 | N 0.55 | -0.03 | -5.17 % |
| REGALINS | N 0.42 | N 0.40 | -0.02 | -4.76 % |
| AFRIPRUD | N 6.80 | N 6.50 | -0.30 | -4.41 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| JAIZBANK | 72458240.00 | 57254382.93 |
| ACCESS | 23058838.00 | 236412572.50 |
| UBA | 19994905.00 | 169141178.45 |
| TRANSCORP | 15868981.00 | 16954498.86 |
| GTCO | 15346866.00 | 399011434.20 |