Stock Market Opens The Week in Red

The Nigerian Exchange Limited (NGX) opened the week in the red on Monday as just 10 stocks appreciated amid growing uncertainty surrounding the Nigerian economy.

Investors transacted 140,610,346 shares valued at N1.6 billion exchanged in 3,895 deals during the trading hours of Monday. Japaul Gold led the most traded equities with 23,180,182 shares worth N8,951,218.33. AIICO came second with 14,848,501 shares valued at N8,448,727.89.

A critical look into each sector showed that the banking index gained 60bps on the back of a 7.07% gain in the value of Ecobank. Jaiz Bank and UBA shed 1.14% and 0.69%, respectively.

The consumer goods index dipped by 29 on a 6.25% decline in Champion, 4.76% depreciation Intbrew and 4.75% Honey Flour.

Also, the oil and gas index lost 27bps on a 1.80% decline in the worth of Oando shares. As expected, 9.06% depreciation in the value of Dangote Cement plunged the industry index by 483bps.

The NGX All-share index lost 2.26% to 49,350.71 index points while the market value of all listed equities dropped by N740 billion to N26.618 trillion from N27.358 trillion.

The year-on-year gain moderated by 15.53%.  See other details of top gainers and losers below.

Top Gainers 

Top Losers

Top Trades