Trading on the Nigerian Exchange started the week on a negative footing. The benchmark All-Share Index lost 0.27% to close the day at 38,545.30 points, while N54.0bn was erased from the market capitalization, thus settling at N20.089 trillion.
The change of the name of Interlinked Technologies Plc to Eunisell Interlinked Plc approved by the Shareholders at its Annual General Meeting held on 1 December 2020 was implemented by Nigerian Exchange Limited today. The company’s trading symbol (Ticker name) changed from INTERLINK to EUNISELL.
The YTD loss worsened to -4.3% at the end of trading on Monday, 21st June, 2021.
Activity level waned on the day, with both the volume ad value of shares traded declined. 209.212 million shares was traded, 5.2% lower than the volume traded on Friday.
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The value of shares traded also declined by 30.3%, as shares valued at N1.763bn was traded in a total 3,390 deals.
ACCESS Shares were the most traded by volume with 22.719 million units, followed by MANSARD shares with 16.700 million units, while shares of ZENITHBANK was the third most traded by volume with 16.144 million units.
ZENITHBANK shares were the most traded by value, as shares valued at N384.58mn exchanged hands in 305 deals. Shares of ACCESS and SEPLAT were the second and third most traded by value with shares worth N193.98mn and N158.94mn respectively.
The performance of indices under our watch was mixed;
- The Banking index advanced by 0.11%
- Consumer Goods Index advanced by 0.06%
- Oil and Gas Index declined by 0.07%
- Insurance Index declined by 1.13%
- Industrial Goods index declined by 1.15%
Investor sentiment as measured by market breadth (gainers/losers ratio) weakened to 1.1x from the 1.7x recorded in the previous session as 18 stocks advanced against 17 decliners.
Top gainers on the day were; MEYER (+8.77%), CHAMPION (+6.06%) JBERGER (+4.71%), REGALINS (+4.00%) and IKEJAHOTEL (+3.19%).
Top losers were; FIDSON (-9.80%), LASACO (-9.33%), FTNCOCOA (-9.09%), MBENEFIT (-8.89%), CORNERST (-5.17%).
Nnamdi Maduakor is a Writer, Investor and Entrepreneur