The Nigerian Exchange (NGX) trading activities opened weakly on Monday, resulting in a loss of N90 billion to investors, as bears took over the control of the local bourse.
As expected, the All-share Index (ASI) depreciated by 0.31% to close at 52,348.82 points.
But then, Market Capitalization grew by N253 billion to close at N28.512 trillion while the bourse’s Year-to-Date (Y-t-D) return rose by 1.45%. Since the opening of the market for trading this year, its value has advanced by 753.16 basis points. .
At the end of the trading session on Monday, the market breadth closed negative as PRESCO led 20 gainers while CHELLARAM topped the 23 losers’ table..
At the end of the session, the total stocks traded volume 221.8 million valued at N3.24 billion in 5,219 deals
The NGX top five ASI gainers were PRESCO up + 9.67% to close at N150.80; WAPIC up + 9.52% to close at N0.46; FTNCOCOA up + 7.14% to close at N0.30; RTBRISCOE up + 6.90% to close at N0.31; and ABCTRANS up + 6.90% to close at N0.31
.Conversely, the top five ASI losers include CHELLARAM down – 9.70% to close at N1.21; PRESTIGE down – 8.70% to close at N0.42; LIVESTOCK down – 7.69% to close at N1.20; MBENEFIT down – 6.25% to close at N0.30; and HONYFLOUR down – 6.22% to close at N2.26
The market indices further showed that the top three traded stocks by volume were MANSARD – 26,251,578; GTCO – 19,807,904; and CHAMS – 17,906,364 UBA – 22,932,760; GTCO–20,031,373; and TRANSCORP– 14,593,537 while the top three stocks traded based on value GTCO – N482,501,863; ZENITHBANK– N336,303,312; and NESTLE- N323,298,376
