Trading on the floor of The Nigerian Exchange started on a negative footing this week. The run that had seen the benchmark index; The NGX All-Share Index (ASI) closed at 40,868.36 points on Friday 8th Oct, having opened the week at 40,221.17 points was halted.
At the end of trading on Monday, the NGX ASI closed at 40,714.00 points, a 0.38% decline from Friday’s closing figures.
Investors’ wealth drop by N80.43 billion, with the market capitalization settling at N21.21 trillion.
Investogist’s high flyer on the day is Ecobank Transnational Incorporated, ETI. The bank’s share price rose by 9.52% on Monday to close at N6.90. The share price has now risen 27.7% from its N5.40 closing price on 29th Sept. 2021.
Activity Level
The activity level waned on Monday, with the volume of shares traded declining by 42.21% while the value of shares traded declined by 11.26%.
191.31 million units of shares valued at N2.59 billion was traded in 4,395 deals.
Shares of FBNH was the most traded by volume with 24.15 million units of shares exchanging hands. ETI and CHAMS were the second and third most traded stock by volume with 19.33mn and 17.69mn units of shares respectively.
Shares of BUACEMENT was the most traded by value, with shares worth N359.35mn was traded in 82 deals.
Shares of GTCO and ZENITHBANK were the second and third most traded by value with shares worth N343.62mn and N300.71mn respectively.
Performance of Indices under our watch
The performance of the five indices under our watch are as below;
- Banking Index: +0.75%
- Insurance Index: +0.44%
- Oil & Gas Index: 0.00%
- Industrial Goods Index: -0.57%
- Consumer Goods Index: -1.00%
Investor Sentiment
Investors sentiment as measured by market breadth (advance/decline ratio) weakened to 1.0x against 1.2x recorded on Friday, as 17 stocks gained while 17 stocks also lost.
Top Gainers:
- NEM gained 9.95% to close at N2.10
- CHAMPION gained 9.52% to close at N2.30
- ETI gained 9.52% to close at N6.90
- ROYALEX gained 8.77% to close at N0.62
- WAPCO gained 4.93% to close at N24.50
Top Losers:
- SOVRENINS lost 8.33% to close at N0.22
- NB lost 6.06% to close at N46.50
- AIICO lost 5.26% to close at N0.90
- UPL lost 5.06% to close at N1.50
- UNIVINSURE lost 4.55% to close at N0.21
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
