Kayode Tokede
The home inventory market yesterday prolonged losses from the earlier session, bringing the general capitalisation down by N268 billion.
Additionally, the Nigerian Trade Restricted All Share Index (NGX ASI) misplaced 475.18 foundation factors, or 0.48 per cent to shut at 98,228.50 factors. Additionally, market capitalisation shed N268 billion to shut at N55.555 trillion.
Consequently, the NGX ASI’s Month-to-Date return was flat, whereas Yr-to-Date return moderated to +31.4per cent.
Analysing by sectors, the NGX Banking Index dropped by 3.1per cent, NGX Insurance coverage Index was down by 1.5per cent and NGX Client Items Index depreciated by 0.7per cent, whereas the Industrial Items and Oil & Gasoline indices closed flat.
Additionally, investor sentiment, as measured by market breadth closed destructive as 15 shares superior, whereas 28 declined. Japaul Gold & Ventures, Could & Baker Nigeria and Presco recorded the best worth achieve of 10 per cent every to shut at N2.09, N6.60 and N291.50 respectively, per share.
FTN Cocoa Processors adopted with a achieve of 8.16 per cent to shut at N1.59, whereas Wema Financial institution rose by 7.28 per cent to shut at N8.10, per share.
However, Unity Financial institution led the losers’ chart by 10 per cent to shut at N1.62, per share. FBNH adopted with a decline of 9.91 per cent every to shut at N25.45, whereas Champion Breweries declined by 9.78 per cent to shut at N3.32, per share.
Livestock Feeds depreciated by 9.71 per cent to shut at N1.58, whereas Wapic Insurance coverage declined by 9.33 per cent to shut at 68 kobo, per share.
In the meantime, the overall quantity traded elevated by 0.93 per cent to 425.664 million models, valued at N8.349 billion, and exchanged in 9,620 offers. Transactions within the shares of United Financial institution of Africa (UBA) topped the exercise chart with 102.233 million shares valued at N2.675 billion. Entry Holdings adopted with 49.180 million shares price N878.406 million, whereas Transcorp traded 30.139 million shares valued at N394.749 million.
Japaul Gold & Ventures traded 28.754 million shares valued at N59.060 million, whereas AIICO Insurance coverage bought 22.648 million shares price N22.779 million