Investors lose 181 billion naira

Salamatu Ejembi, Lagos


To begin this trading week, the All-Share Index declined from 27,388.62 basis points by 1.27% or 347.59 basis points to close the day at 27,041.03 basis points, the largest 1-day decline since falling by 1.55% on 23 December, 2019.

The Market Capitalization also fell from 14,268 trillion Naira by 1.27% or 181 billion Naira to close at 14,087 trillion Naira.
The total volume of trades increased by 1.83% to 429.00 million units, valued at N7.30 billion and exchanged in 4,533 deals.

Guaranty Trust Bank PLC was the most traded stock by volume and value at 177.13 million units and N4.79 billion respectively.

Performance was negative across all sector indices, with the Banking index leading by 4.78%, followed by Industrial Goods index with 0.85% decline, Consumer Goods index declined by 0.72%, Insurance index declined by 0.47%, and Oil & Gas index declined 0.45%.

Market sentiment, as measured by market breadth, was negative, as 32 stocks declined, relative to 5 gainers.
B.O.C. Gases PLC. topped the losers’ chart list with 10.00% loss followed by GLAXO SmithKline Consumer NIG. PLC. also by 10.00% loss.

While Law Union and Rock INS. PLC. led the gainer’s list with 9.59% and Linkage Assurance PLC was next with 4.65%.