Nigerian Exchange Limited
Stock Investors Loses N14 Billion on Monday
The Nigerian stock market extended its decline on Monday by another N14 billion as market uncertainty amid high interest rate, inflation rate and generally weak economic fundamentals continue to dictate market direction.
The Nigerian stock market extended its decline on Monday by another N14 billion as market uncertainty amid high interest rate, inflation rate and generally weak economic fundamentals continue to dictate market direction.
Stock investors exchanged 122,735,953 shares worth N1.301 billion in 3,915 deals during the trading hours of Monday. Mutual Benefits Assurance was the most traded equity with 18,428,272 shares valued at N4,975,617.44. Followed by Transcorp’s 9,230,842 worth N9,717,701.72.
Analysis of each sector showed the banking index lost 69 basis points on a 5.66% decline in Ecobank, 4.49% drop in the value of Jaiz Bank and 0.70% depreciation in United Bank of Africa (UBA). Fidelity Bank and Zenith Bank posted 0.33% and 0.23%, respectively.
Oil and gas index dipped by 7bps as MRSOIL and Oando lost 0.69% and 0.41% respectively.
The consumer goods index appreciated by 7bps as stocks of Honey Flour and Champion gained 8.68% and 2.90%, respectively. The industrial index also closed in the green. It gained 2bps on a 0.21% appreciation in the worth of Wapco.
The market value of listed equities declined by N14 billion from the N26.629 trillion it closed on Friday to N26.629 trillion. While the NGX All-Share Index lost 0.05% to close at 49,344.67 index points.
The Exchange year to date moderated to 15.52% as 19 stocks closed in the red, against just 9 stocks that gained.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| COURTVILLE | N 0.44 | N 0.48 | 0.04 | 9.09 % |
| HONYFLOUR | N 2.42 | N 2.63 | 0.21 | 8.68 % |
| MBENEFIT | N 0.25 | N 0.27 | 0.02 | 8.00 % |
| NEM | N 3.82 | N 4.00 | 0.18 | 4.71 % |
| CHAMPION | N 3.79 | N 3.90 | 0.11 | 2.90 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| FTNCOCOA | N 0.33 | N 0.30 | -0.03 | -9.09 % |
| LASACO | N 1.04 | N 0.95 | -0.09 | -8.65 % |
| WAPIC | N 0.41 | N 0.38 | -0.03 | -7.32 % |
| ETI | N 10.60 | N 10.00 | -0.60 | -5.66 % |
| NGXGROUP | N 20.55 | N 19.60 | -0.95 | -4.62 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| MBENEFIT | 18428272.00 | 4975617.44 |
| TRANSCORP | 9230842.00 | 9717701.72 |
| GTCO | 8576247.00 | 173740682.80 |
| STERLNBANK | 7938030.00 | 11909195.13 |
| ACCESSCORP | 7866087.00 | 65415991.40 |