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Nigerian Exchange Limited

Stock Market Opens the Week in the Red

The Nigerian Exchange Limited (NGX) opened the week in the red on Monday following a N197 billion profit recorded last week.

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Stock - Investors King

The Nigerian Exchange Limited (NGX) opened the week in the red on Monday following a N197 billion profit recorded lask week.

Investors exchanged 200,919,932 shares worth N1.446 billion in 3,976 deals during the trading hours of Monday. Banking stocks were the most traded stocks with Sterling Bank leading with 90,895,915 shares valued at N131,899,256.31. Fidelity Bank followed with 11,602,527 and N39,742,159.06.

Breaking down each sector, the banking sector lost 91 basis points (bps) as stocks of Zenith Bank dipped by 2.33%, Sterling Bank lost 2.01% and UBA closed with 1.38% decline. Fidelity Bank posted 1.76% gain.

The consumer goods appreciated by 55 bps on the back of improvement in the value of Flour Mill, NB and Honey Flour. Intbrew lost 0.99%.

The industrial sector closed with 35bps declined while oil and gas sector was unchanged.

The market capitalisation of all listed equities declined by N30 billion from N26.964 trillion it closed on Friday to N26.994 trillion. The NGX All-Share Index depreciated by 0.11% to 49,991.41 index points, down from 50,045.83 index points it settled on Friday.

The stock market year to date return moderated to 17.03% as only 12 stocks gained against 16 that lost points. See other details of top gainers and losers below.

Top Five Gainers 

Symbols Last Close Current Change %Change
CHAMS N 0.26 N 0.28 0.02 7.69 %
FLOURMILL N 28.05 N 29.30 1.25 4.46 %
NB N 47.00 N 48.75 1.75 3.72 %
PHARMDEKO N 1.90 N 1.95 0.05 2.63 %
NPFMCRFBK N 1.62 N 1.66 0.04 2.47 %

Top Five Losers

Symbols Last Close Current Change %Change
ABCTRANS N 0.31 N 0.28 -0.03 -9.68 %
JAPAULGOLD N 0.33 N 0.30 -0.03 -9.09 %
NGXGROUP N 22.00 N 21.00 -1.00 -4.55 %
WAPCO N 25.00 N 23.95 -1.05 -4.20 %
CUTIX N 2.12 N 2.04 -0.08 -3.77 %

Top Five Trades

Symbols Volume Value
STERLNBANK 90895915.00 131899256.31
FIDELITYBK 11602527.00 39742159.06
UBA 10649347.00 76759865.70
GTCO 9996163.00 199232097.65
ZENITHBANK 9493318.00 203079163.90

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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