Transactions on the Nigerian Exchange on Monday opened on a negative note, as sell-off was witnessed across major market sectors pulling the bourse’s All Share Index (NGX ASI) and the its capitalization decreased by 0.14%, while the Year-to-Date (YTD) return stood at 16.17%.
Available information provided by the market managers indicated that the All Share Index closed at 49,625.71 against the previous close of 49,695.12 while market capitalization closed at N26.767 trillion against previous close of N26.805 trillion.
As expected, volume traded decreased by 72.86% from 319.085 million to 86.594 million, while the total value of stock traded decreased by 37.22% from N1.864 billion to N1.170 billion in 3,377 deals.
The Financial Services sector led the activity chart with 59.462 million shares exchanged for N0.735 billion, followed by ICT sector with 6.979 million shares traded for N0.174 billion, while Consumer Goods, Conglomerates, Agriculture sectors followed in that order on the activity chart.
According to the official information by the NGX Group on the trading trend, GTCO, STERLNBANK, ZENITHBANK, FIDELITYBK AND CHAMS were the most active stocks by volume.
Also, MULTIVERSE, FTNCOCOA, CHAMS, ACADEMY AND REGALINS emerged the highest price gainers on the chart, while BETAGLAS, NEM, JAPAULGOLD, FIDELITYBK AND FCMB topped the losers’ chart.
