Trading activities at the Nigerian Stock Exchange (NSE) made a turn, ticking towards south on Monday as the market halts seven days consecutive gains to close with a marginal loss of 0.01 per cent.
The domestic bourse was little changed after trading, as the All-Share Index declined marginally by 0.01 per cent to 22,920.41 points, while market capitalisation closed at N11.45 trillion. Thus, Month-to-date gain and Year-to-Date loss were flat at 7.61 per cent and -14.61 per cent, respectively.
Market sentiment, as measured by market breadth, was negative as 15 losers were recorded as against 14 gainers. Guinness Nigeria and PZ recorded the largest losses by 9.4 and 9.1 per cent, while Linkage Assurance and Julius Berger were the top gainers of the day with a ten per cent increase.
Banking stocks such as Zenith Bank, Guaranty Trust Bank, Access Bank moderated by 5.67 per cent, 4.33 per cent and 4.48 per cent respectively as investors booked profit; hence the NSE banking index declined by 4.01 per cent. On the flip side NSE Insurance, NSE Consumer goods and NSE Industrial appreciated by 1.11 per cent, 1.19 per cent and 4.80 per cent respectively.
The total volume of trades increased by 49.1 per cent to 345.44 million units, valued at N4.21 billion and exchanged in 4,930 deals. FBN Holdings was the most traded stock by volume at 115.32 million units while Nestle Nigeria was the most traded stock by value at NGN1.37 billion.
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