At the Nigerian Exchange Limited on Monday, equities trading ended mixed with a bearish tilt as the benchmark Index shed 0.35 percent to settle at 70,608.02 basis points.
Basically, the overall lull at the NGX was largely compacted by losses in BUA Cement, Access Holdings and International Breweries, having declined in share value by 7.76 percent, 0.29 percent and 1.11 percent, respectively.
Thus, Month-to-Date and Year-to-Date returns of the ASI moderated to +2.0 percent and +37.8 percent, respectively.
As a result of the overall bearish outing, equities investors lost N 132.61 billion cumulatively as the market capitalisation shed closed the day at N38.80 trillion.
As measured by market breadth, market sentiment was positive, as 26 tickers gained relative to 18 losers. RTBriscoe and Aluminium Extrusion Industry recorded the highest gains of the day having appreciated in share value by 10.0 percent, respectively, while Japaul Gold and BUA Cement topped the losers’ list after their respective share prices dipped by 9.1 percent and 7.8 percent.
Sectoral performance was mixed, as the Industrial Goods, Insurance and Consumer Goods indices recorded losses having declined in value by 3.3 percent, 0.1 percent and 0.1 percent, respectively; while the Oil & Gas index closed flat. The Banking index was the sole gainer for the day.
However, analysis of market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.35 percent.
A total of 474.39 million shares valued at N7.75 billion were exchanged in 7,630 deals. Fidelity Bank led the volume chart with 94.05 million units traded, while MTN Nigeria Communication led the value chart in deals worth N2.23 billion.
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