TheDiggerNews
Lagos: Stock market investors traded 601.65 million shares worth N17.30 billion in 58,429 transactions on the Nigerian Exchange Ltd. on Monday.
This compares with 731.7 million shares valued at N19.05 billion, exchanged in 44,005 deals, in the previous trading session.
The figures represent an 18 per cent decline in trading volume (from 731.7 million to 601.65 million shares) and a nine per cent drop in value (from N19.05 billion to N17.3 billion), while the number of deals increased by 33 per cent (from 44,005 to 58,429 transactions).
Meanwhile, Chams recorded the highest volume with 41.57 million shares, accounting for 6.91 per cent of the total volume traded for the day.
Guaranty Trust Holding Company recorded the highest value traded at N3.11 billion, accounting for 17.97 per cent of the total value traded for the day.
The stock market opened the week on a positive note, with investors recording a N3 billion gain.
Gains in NPF Microfinance Bank, Morrison, Union Homes Real Estate Investment, Deep Capital Management, Zichis Agro Allied Industries, and 30 other stocks pushed the market into positive territory.
Investors gained N3 billion in market capitalisation, which opened at N105.959 trillion and closed slightly higher at N105.962 trillion.
The All-Share Index (ASI) also increased by 0.003 per cent, or 5.38 per cent, settling at 165,517.56, compared with 165,512.18 previously.
However, the market breadth closed negative, with 36 losers and 35 gainers.
May and Baker led the losers’ table by 10 per cent, finishing at N39.15, Neimeth International Pharmaceutical followed by 9.81 per cent, settling at N11.95, while ABC Transport fell by 9.33 per cent, closing at N5.15 per share.
Also, Computer Warehouse Group declined by 9.05 per cent, settling at N22.10, and Sovereign Trust Insurance dropped by 8.97 per cent, ending the session at N3.45 per share.
On the other hand, NPF Microfinance Bank led the gainers’ table by 10 per cent, closing at N5.61, Morison trailed by 9.97 per cent, finishing at N8.27, while Union Home Real Estate Investment gained by 9.95 per cent, settling at N78.45 per share.
Similarly, Deap Capital Management grew by 9.94 per cent, ending the session at N7.85, and Zichis Agro Allied Industries soared by 9.92 per cent, closing at N2.88 per share.
