Bearish sentiment triumphed on Monday as the market indicators declined by 0.09 percent following the price depreciation in 21 stocks in Banking, Consumer Goods and Oil & Gas sectors.
In that regard, the market index (All-Share Index) dipped by 37.35 basis points, representing a decline of 0.09 percent to close at 43,270.94.
While the Market Capitalization lost ₦19.49Bn, representing a decrease of 0.09 percent to close at ₦22.58 trillion.
→ Similarly, the market activities were mixed as the Total Volume and Value traded decreased by 30.19 percent and 34.05 percent, respectively.
A total of 213.13 million units valued at ₦2.36 billion were transacted in 4,105 Deals.
FCMB topped the traded stocks in terms of volume, accounting for 27.43 percent of the total volume of trades, followed closely by AIICO (6.34%), ZENITHABNK (6.00%), GTCO (5.81%), and ACCESS (5.12%) to complete the top five on the volume chart.
AIRTELAFRI appeared as the most traded stock in value terms, with 28.81 percent of the total value of trades on the exchange.
→ AIICO appeared as the most profitable stock for the day, topping the gainers’ chart with a price appreciation of 8.57 percent, followed by LIVINGTRUST (7.95%), VITAFOAM (1.86%), ACCESS (1.11%), UBN (1.04%), HONYFLOUR (1.01%), ETI (0.63%), NGXGROUP (0.61%) and six (6) others.
On the contrary, 21 stocks remain depreciated in price topped by UPDC with price depreciation of 9.92 percent to close at ₦1.18, as OANDO (-2.78%), PRESCO (-1.24%), UBA (-1.23%), FBNH (-0.83%), ZENITHBANK (-0.62%), FLOURMILL (-0.34%), and GTCO (-0.20%) also dipped in price. In that regard, the market breadth closed negative, recording 14 gainers and 21 losers.
→ Consequently, the sector performance was relatively negative, as three of the five major sectors closed negatively, led by Oil & Gas (-0.56%), Consumer Goods (-0.23%) and Banking (0.18%).
But, the Insurance (0.82%) and Industrial Goods (0.002%) sectors grew as against the previous session.