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• Debt Market size declines by 0.03% to close at N29.14trn

 

Tayo Busayo

 

DAILY COURIER – Nigerian Equities Market opened the week on a negative note as the key market indicator retracted to close below 50,000 psychological lines.

The NGX All-Share Index dipped by 0.83% to close at 49,950.32 basis points as against 1.42% gain recorded to close at 50,370.25 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N226.45bn loss.

The total volume traded declined by -30.90% to close at 176.03m, valued at N2.27bn and traded in 4,965 deals. GTCO was the most traded stock by volume with 21.37m units traded while ZENITHBANK was the most traded stock by value which is put at N429.28m.

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, five (5) closed southward while three (3) closed flat. The NGX Growth Index inched up by 4.97% to top the gainers while NGX Industrial Index dipped by -4.18% to the losers’ chart.

Gote index closed flat at 138.20 basis points while Toni index advanced by +1.64% to close at 108.45 basis points.

At the close of trading, market recorded 18 gainers to 13 losers and 70 unchanged. CAVERTON topped the list of gainers while BUACEMENT topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.07x.

Volume and Value Contribution

GTCO led the volume’s chart with 12.14% contribution and closely followed by ZENITHBANK and ACCESSCORP

Source: NGX