Share trading at the Nigerian Exchange Limited (NGX) was bearish on Monday as the benchmark edged down 0.07%.
At the end of trading activity, the All Share Index stood at 49,629.43 basis points from its previous close of 49,664.07 basis points, bringing back both the month’s performance year-to-date and year-to-date at -1.47% and 16.18% percent from their previous close of -1.40% and 16.26% respectively.
Investors therefore lost N18 trillion as the market capitalization followed ASI’s direction to stand at N26.769 trillion, down 0.07% from the N26.787 trillion at the end of the previous trading session.
The Bears side maintained their dominance over the broader market with 17 counters in the losers’ board opposed to 12 counters in the winners’ board.
On the performance chart, Neimeth Pharmaceutical gained 9.29% to become the session’s best performing stock, flanked by Unity Bank, FCMB Group, Zenith Bank and Transcorp, which filled out the top five gainer chart. At the back of the table, Presco, Multiverse, Ikeja Hotel, Dangote Sugar and Jaiz Bank filled out the top five losers table.
However, the sector indices closed in a mixed direction with ASI, with the NGX Industry sector gaining the most weight, the NGX Consumer Goods sector losing the most weight, while the NGX Insurance, NGX Growth and NGX ASEM sectors closed flat.
Market activity, as measured by trading volume, lost weight during the session, with daily traded volume standing at 210.836 million units, down 71.90% from trading volume. 750.285 million units traded in the previous session.
The value of these traded shares fell 58.78% during the session to 2.188 billion naira from a value of 5.307 billion naira recorded in the previous trading session.
ETranzact topped the volume charts as the most traded security by volume for the trading session. This is followed by FBN Holdings, United Bank for Africa, Guaranty Trust Holding Company (GTCO) and Transcorp to complete the list of the top five most traded stocks by volume.
In terms of value of shares traded, GTCO took the lead in the top five performers. It is flanked by FBN Holdings, Zenith Bank, United Bank for Africa and BUA Cement.
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