The Nigerian Stock Market opened the week on a flat note, with the All Share Index falling minimally by -0.01% to close at 22,920.41 points.
Market turnover however remained strong, as total volume and value rose by 49.15% and 61.20% to close at 345.43 million units of shares, valued at N4.208 billion in 4,930 deals.
First Bank Nigeria Holdings was the most traded stock by volume at 115.32 million units, followed by Guaranty Trust Bank with 65.66 million units of trades.
Market breadth index was negative, with GUINNESS (-9.40%) leading 16 losers, as against 14 gainers topped by JBERGER (10.00%).
(READ MORE: Nigerian Stocks on ‘steriods’ as returns bests treasury bills, bonds)
Performance across sectors closed mixed, as two of the five indices under coverage declined, while three advanced.
The Industrial sector improved by 4.80% on the back of price appreciation in JBERGER (+10.00%), and BUACEMENT (+8.40%). Gains in NB (+6.65%) and NESTLE (+0.83%) spurred a +1.19 % increase in the Industrial sector, as AIICO (+5.00%) advanced the Insurance index by 1.11%.
Conversely, the Banking and the Oil & Gas Indices declined by -4.01% and -0.45%, fueled by losses in ZENITHBANK (-5.67%), UBN (-4.55%), and OANDO (-4.58%) respectively.
Top gainers
JBERGER up 10.00% to close at N26.95; BUACEMENT up 8.48% to close at N34.55; NB up 6.65% to close at N34.5; MTNN up 3.63% to close at N100; and NESTLE up 0.83% to close at N975.
(READ MORE: Blue-chip stocks rally Nigerian bourse, as Investors gain N344 billion)
Top Losers
GUINNESS down 9.38% to close at N22.4; PZ down 9.09% to close at N4; ZENITHBANK down 5.67% to close at N15; ACCESS down 4.48% to close at N6.4; and GUARANTY down 4.33% to close at N20.8.
