The Nigerian equities market has recorded the second consecutive trading day of losses today, as the benchmark index declined by 0.25% to close at 27,252.09 basis points, following sell-offs of shares of MTN NIGERIA COMMUNICATIONS PLC, ZENITH BANK PLC, and UNITED BANK FOR AFRICA PLC.

Consequently, the Month-to-Date and Year-to-Date losses dipped to -0.99% and -13.29% respectively.

The total volume of trades decreased by 46.74% to 133.34 million units, valued at N2.40 billion and exchanged in 2,561 deals.

GUARANTY TRUST BANK PLC was the most traded stock by volume and value at 35.00 million units and N925.88 million respectively.

Analysing by sectors, the Oil & Gas index was the sole gainer after advancing by 0.08%. Conversely, the Industrial Goods Index declined by 0.67%,  Banking Index by 0.18%, Consumer Goods Index by 0.17% and Insurance Index by 0.15.

Market sentiment, as measured by market breadth, was negative as 13 stocks recorded gains relative to 17 losers.

Assessing the gainers and decliners lists, we highlight that  IKEJA HOTEL PLC which declined by 9.30% and  HONEYWELL FLOURMILLS PLC by 7.07% declined the most during today’s trading session, while U.A.C.N PLC  which appreciated by 10.00% and UACN PROPERTY DEVELOPMENT COMPANY PLC by 10.00% recorded the largest gains.

Peace PIAK