Nigerian Exchange Limited
Equities Market on the Week in Red to Extend Decline
The Nigerian equities market opened the week in the red despite 22 stocks gaining points against 19 stocks that lost points.
Investors traded 219,495,846 valued at N1.930 billion in 5,168 deals during the trading hours of Monday. While the market capitalisation of listed equities dipped by N84 billion from N25.253 trillion it closed on Friday to N25.169 trillion on Monday.
The Nigerian Exchange Limited (NGX) All-Share Index depreciated by another 0.33% to 46,687.85 index points.
Analysing each sector, as expected the banking sector lost 99 basis points on the decline in values of Jaiz Bank, UBA, Zenith Bank and Sterling Bank. Unity Bank, Wema Bank and Union Bank were the three gainers.
The industrial index also lost 43bps on a 2.65% decline in WAPCO. Meyer and Berger closed in the green.
However, the consumer goods sector gained 20bps on Intbrew and Honey Flour’s positive close despite the negative close recorded in PZ and Guinness.
The oil and gas sector leveraged on the increase in global oil prices to post 27bps.
The Exchange year-to-date return dropped to 9.30% from 9.66% on Friday. See top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| REDSTAREX | N 2.70 | N 2.97 | 0.27 | 10.00 % |
| NAHCO | N 4.29 | N 4.71 | 0.42 | 9.79 % |
| MEYER | N 0.72 | N 0.79 | 0.07 | 9.72 % |
| VERITASKAP | N 0.21 | N 0.23 | 0.02 | 9.52 % |
| UPDC | N 0.76 | N 0.83 | 0.07 | 9.21 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| REGALINS | N 0.31 | N 0.28 | -0.03 | -9.68 % |
| JAPAULGOLD | N 0.34 | N 0.31 | -0.03 | -8.82 % |
| WAPIC | N 0.44 | N 0.41 | -0.03 | -6.82 % |
| LINKASSURE | N 0.50 | N 0.47 | -0.03 | -6.00 % |
| JAIZBANK | N 0.70 | N 0.66 | -0.04 | -5.71 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| TRANSCORP | 28942655.00 | 28484717.12 |
| FIDELITYBK | 23530562.00 | 79955208.77 |
| UBA | 15085937.00 | 113721536.55 |
| ZENITHBANK | 12579608.00 | 278404693.05 |
| ACCESSCORP | 11958200.00 | 116201184.85 |