Nigerian bourse opened the week on a negative note, leaving the All Share Index at 24,269.58 points after 0.07% depreciation.
A turnover of 305.10 million shares, valued at N2.1 billion was traded by investors in 3,258 deals. SOVRENINS was the most traded stock by volume at 75.5million units while GUARANTY TRUST BANK finished the most traded stock by value at N795.1million.
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NEIMETH and CUTIX were the top losers of the day with -10.00% and -9.84% declines; while GLAXOSMITH and FIDSON recorded the largest gains with +9.47% and +9.43% appreciations in share value.
Across sectors, performance was mixed. Price appreciation in LINKASSURE (+9.38%) and REGALINS(+4.55%) moved the Insurance index up by 0.36%.
The Oil & Gas trailed to gain 0.32% on ARDOVA (+7.17%). Conversely, the Banking and Industrial indexes were down -0.45% and -0.01% respectively, on the back of price decline in ETI (-2.30%), ACCESS (-1.61%) and CUTIX (-9.89%), while the Consumer Goods Index closed flat.
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Market sentiment, as measured by market breadth, closed in favor of the bear with 13 tickers closing in red relative to 10 gainers
Top gainers
GLAXOSMITH up 9.47% to close at N5.2, FIDSON up 9.43% to close at N2.9, UNITYBNK up 8.89% to close at N0.49, ARDOVA up 7.17% to close at N13.45, FIDELITYBK up 1.70% to close at N1.79
Top losers
NEIMETH down 10.00% to close at N1.35, CUTIX down 9.89% to close at N1.64, ETI down 2.30% to close at N4.25, ACCESS down 1.61% to close at N6.1, ZENITHBANK down 0.63% to close at N15.65
Outlook
Nigerian bourse finished on a slightly negative note, as Nigeria’s central bank left rate unchanged. Market liquidity remained relatively thin. Nairametrics envisage you seek the advice of a certified financial advisor when buying stocks based on strengthening geopolitical uncertainty.
