Equity Market Resume for the Week on a Losing Note
In continuation of the trend witnessed in the last three trading sessions of last week, the local bourse today (Monday) resume for the new week on a losing note, as market value dropped further by N40.67 billion. Resultantly, market breadth closed negatively, recording 16 losers as against 13 gainers.
- NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 77.82 absolute points, representing a decline of 0.27% to close at 28,337.49 points. Similarly, the Market Capitalization value lost N40.67 billion, representing a decline of 0.27% to close at N14.81 trillion.
ETERNA, for the third straight session, topped the gainers’ chart, while INTBREW emerged top of the losers’ chart.
The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; INTBREW (-9.11%), FLOURMILLS (-4.55%), PZ (-2.44%), WEMABANK (-1.67%), BUACEMENT (-1.45%), MTNN (-0.36%), GUARANTY (-0.33%), and ZENITHBANK (-0.25%).
|CAP||N14,811,545,875,714.06||One Day (ASI CHG)||-0.27%|
|Index||28,337.49||One Week (ASI CHG)||+2.84%|
|Volume||369,177,675.00||One Month (ASI CHG)||+11.04%|
|Value||N5,060,084,238.66||Six Months (ASI CHG)||+32.52%|
|Deals||4,750.00||52 Weeks (ASI CHG)||+6.60%|
NASD OTC MARKET
The NASD OTC market performance indicators today (Monday) closed positively, as the Unlisted Securities Index (USI) gained 0.47% to close at 726.54 points as against 723.13 points in the prior section. The Market Capitalization value also appreciated by N2.5 billion to close at N533.69 billion compared to the previous closing value of N531.19 billion.
In the same vein, the Volume and Value of transactions for today also increased by 123,199.53% and 3,243% respectively to close at 29,075,261 units, and N108.15 million, despite the reduction in the number of deal executed to 5 from 8 last Friday.