Last week, persistently negative mood caused the All-Share Index to drop 0.62 percent to settle at 107,821.39 points, costing the Nigerian Exchange N421 billion.
With a total of 1.85 billion shares worth N51.39 billion moved in 63,090 deals, investor activity decreased from the previous week’s 2 billion shares worth N49.49 billion sold in 70,853 deals.
With 1.3 billion shares worth N26.91 billion in 29,140 transactions, the Financial Services Sector led trading and accounted for 52.38 percent of the value and 70.13 percent of the overall stock turnover volume. The consumer goods sector reported 116.70 million shares valued at N4.19 billion in 7,452 deals, while the services sector came in second with 129.44 million shares worth N719.22 million in 3,657 deals.
The most traded equities were Zenith Bank Plc, FCMB Group Plc, and Access Holdings Plc, which contributed 539.77 million shares valued at N16.53 billion in 7,392 transactions, or 29.21% and 32.16% of the total equity turnover volume and value, respectively.
With the exception of AseM, Oil & Gas, Lotus II, Sovereign Bond, and Commodity, which saw minor advances of 0.04 percent, 0.60 percent, 0.33 percent, 0.81 percent, and 0.53 percent, respectively, the majority of indexes ended lower as market capitalization fell to N67.19 trillion.
60 stocks fell, up from 58 previously, while 63 stocks stayed the same, while the number of gainers dropped to 27 stocks from 28 the week before.
PZ Cussons Nigeria Plc was one of the biggest gainers, rising 31.11% to close at N35.40. Caverton Offshore Support Group Plc gained 22.92% to N2.95, and Livestock Feeds Plc increased 22.81% to N7.43.
The companies that suffered the most losses were Sunu Assurances Nigeria Plc, which dropped 19.55 percent to N5.31, Eunisell Interlinked Plc, which dropped 18.67 percent to N9.80, and Learn Africa Plc, which dropped 16.46 percent to N3.30.
The decline comes after a strong week in which the market earned N1.83 trillion, with the ASI and market capitalization rising 2% and 2.78 percent, respectively, to close at 108,053.95 points and N67.418 trillion.
ALSO READ:
Fubara: Rivers State Should Calm Down, We’ll Put The S’Court’s Decision Into Practice.
