Nigerian Exchange Limited
Nigerian Equities Market Opens the Week in Red
The Nigerian equities market opened the week in the red as economic uncertainty amid the projected global economic recession continues to weigh on investors’ sentiment.
The Nigerian equities market opened the week in the red as economic uncertainty amid the projected global economic recession continues to weigh on investors’ sentiment.
On Monday, equity investors exchanged 194,121,466 shares valued at N2.822 billion in 4,899 transactions. Transcorp was the most traded equity with 25,074,269 shares estimated at N31,769,883.94. GTCO came second with 20,176,295 shares worth N413,019759.30.
Breaking down each sector, the banking secyor appreciated by 17 basis points (bps) as stocks of Wema Bank, Zenith bank and UBA gained 1.23%, 1.41% and 0.68%, respectively. Unity Bank, Jaiz Bank, Fidelity Bank and Sterling Bank extended their declines.
The consumer goods sector lost 94bps even as Cadbury posted 1.23% gain. 5.02% decline in NB dragged on the sector.
Also, oil and gas sector dipped by 35bps on 9.90% decline in Conoil and just 0.18% gaine recorded in Oando. Industrial index lost 12bps on depreciation in the value of Cutix and Wapco.
Market value of all listed equities declined by N21 billion from N27.942 trillion it closed on Friday to N27.921 trillion on Tuesday. The Nigerian Exchange Limited (NGX) All-Share Index declined by 0.07% to 51,791.45 index points, down from 51,829.67 index points it settled on Friday.
The year to date return moderated to 21.24% as 18 stocks closed in the red, against 17 that appreciated. See other details below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| FIDSON | N 11.20 | N 12.30 | 1.10 | 9.82 % |
| LEARNAFRCA | N 2.25 | N 2.47 | 0.22 | 9.78 % |
| UPDC | N 1.03 | N 1.13 | 0.10 | 9.71 % |
| PRESTIGE | N 0.36 | N 0.39 | 0.03 | 8.33 % |
| REGALINS | N 0.26 | N 0.28 | 0.02 | 7.69 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| CONOIL | N 28.80 | N 25.95 | -2.85 | -9.90 % |
| REDSTAREX | N 2.75 | N 2.50 | -0.25 | -9.09 % |
| RTBRISCOE | N 0.44 | N 0.40 | -0.04 | -9.09 % |
| CUTIX | N 2.47 | N 2.28 | -0.19 | -7.69 % |
| UNITYBNK | N 0.45 | N 0.42 | -0.03 | -6.67 % |
Top Traders
| Symbols | Volume | Value |
|---|---|---|
| TRANSCORP | 25074269.00 | 31769883.94 |
| GTCO | 20176295.00 | 413019759.30 |
| UBA | 17593981.00 | 131220783.60 |
| AIICO | 13607972.00 | 8323113.84 |
| FBNH | 11634161.00 | 131920631.90 |