Due to a 0.01 percent decline in market indicators, Monday’s transactions on the Nigerian stock market ended negatively.
The market capitalization decreased by N3 billion to close at N30.391 trillion, according to the News Agency of Nigeria (NAN), from an opening value of N30.394 trillion.
As compared to Friday’s closing value of 55,794.51, the All-Share Index (ASI) fell 6.14 points, or 0.01 percent, to settle at 55,788.37.
The ASI’s year-to-date (YTD) return consequently dropped to 8.85%.
The decline was brought on by profit-taking, which also affected Tier-one banking stocks, Zenith Bank, and Guaranty Trust Holding Company.
The company with the largest gain, Universal Press, rose by 9.89% to close at N2 per share, taking the top spot on the leaderboard.
The share price of Multiverse Mining & Exploration increased by 5.04 percent to conclude at N3.75 while Computer Warehouse Group increased by 7.69% to close at 98k.
Regency Alliance Insurance saw a 3.45% increase to close at 30k per share, while BUA Foods saw a 4.21 % increase to conclude at N99.
NGX Group, on the other hand, topped the losers’ column after falling by 9.72% to settle at 26 per share.
While Courteville Business Solution fell by 6.25 percent to settle at N1.73 per share, NPF Microfinance Bank likewise experienced a dip to close at 26k.
To conclude at 44k per share, Linkage Assurances saw a 4.35 percent decline.
Corresponding to this, the number of shares moved decreased by 35%, totaling 129.03 million shares worth N2.56 billion in 4,296 trades.
When the activity chart was broken down, it became clear that NGX Group, which accounted for 38.15 million shares worth N994.55 billion, was to investors’ satisfaction.
Transcorp came in second, selling 19.73 million shares for N26.6 million, and Sterling Bank sold 15.89 million shares for N23.08 million.
A total of 14.84 million shares worth N374.26 million were traded by Zenith Bank, while 13.7 million shares worth N112.48 million were exchanged by UBA.
