The Nigerian bourse fell slightly on Monday, as the Nigerian All Share Index/Market Capitalization declined by 0.12% to close at 22,705.19 and N11.832 trillion respectively. Thus, the year to date performance dropped to -15.43%.
Market activity closed lower, compared to the previous trading session, as the total volume and total value declined by -24.78% and -43.66%, to settle at 551.48 million units of shares valued at N5.75 billion in 6,981 deals.
GUARANTY and ZENITH BANK shares were the most active in today’s trading to boost market turnover and value list.
Market breadth index was, however, positive as UBN (10.00%) led 14 gainers, as against 10 losers topped by TRANSCORP (+10.00%).
[READ MORE: Global market: Week of the bears)
Sector performance closed mixed. The insurance sector improved by 1.31%, on the back of price appreciation in LASACO (+10.00%), AIICO (+8.22%) and NEM (+4.17%). Gains in tier-one banking stocks, UBN (+10.00%), ZENITH BANK (+7.56%) and ACCESS (+1.85%) spurred a 0.63% increase in the banking index.
Conversely, the Industrial and the Consumer Goods indices declined by 0.52% and 0.16%, fueled by losses sustained in WAPCO (-6.10%), DANGSUGAR (-2.96%) and NB (-0.18%). The Oil & Gas index remained unchanged.
Top gainers
Included Union Bank close N6.60 up 10% on reports being acquired by Zenith Bank, JBERGER close at N22.15 up 9.65%; EKOCORP close at N6.oo up 9.09%; PZ to close N4.05 up 8% and ZENITH BANK N12.80 up 7.56%
Top losers
In addition, SKYAVN down 9.73% to close at N2.32, FBNH down 7.50% to N3.70, WAPCO down 6.10% to close N10.00, UBA down 5.61% to close N5.05 and DANGSUGAR down 2.96%to close N9.85
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