Equities trading dips by 0.14% on cautious trading

Investors continued to trade cautiously on Monday at the Nigerian Stock Exchange (NSE) as market indicator closed red at 0.14 per cent.

Specifically, the All Share Index (ASI) depreciated to 28,813.51 basis points, compared with the 0.51 per cent depreciation recorded on Friday, thus leaving its Year-to-Date (YTD) returns at +0.60 per cent.

Market capitalisation further decreased to N9.896 trillion from N9.910 recorded at the close of stocks trading on Friday.

As analyst had predicted that investors were on a cautions pedestal as uncertainty was at play with market direction, thus flat trading.

Market breadth closed negative as Guaranty Trust Bank Plc led 16 gainers against 32 losers topped by NPF Microfinance Bank at the end of trading session, an improved performance when compared with previous outlook.

Market turnover, however closed positive as volume moved up by 17.20 per cent against 64.50 per cent uptick recorded in the previous session.

Guaranty Trust Bank Plc, First Bank of Nigeria Holdings Plc and FCMB Group Plc were the toast of investors as they boost market turnover with a total of 99 million shares, just as Nestle Nigeria Plc and Guaranty Trust Bank Plc top market value list.

Union Dicon Salt Plc led the list of active stocks that recorded impressive volume spike at the end of Monday session having traded 18,886 shares in three deals.

On Monday, investors traded 275,363,891 shares worth N3.4 billion in 4,865 deals.