The Nigerian Exchange (NGX) opened the trading week on a negative trajectory, with investors losing a significant ₦297 billion in market value by the close of trading on Monday.
Key Market Indicators:
• All-Share Index (ASI): Fell by 265.42 points (-0.24%) to 108,467.98 points.
• Market Capitalisation: Dropped by 0.43% to ₦68.1 trillion.
Despite the losses, market activity remained strong, with:
• Volume Traded: 414.57 million shares.
• Number of Deals: 16,664.
• Turnover: ₦10.71 billion.
Compared to the previous trading session on Friday, May 9, there was a:
• 10% decrease in transaction volume.
• 4% drop in turnover.
• 6% rise in the number of deals.
Top Gainers:
1. Multiverse Mining and Exploration Plc: +10%, closing at ₦11.00 per share.
2. Meyer Plc: +10%, closing at ₦8.80 per share.
3. Smart Products Nigeria Plc: +10%, closing at ₦0.55 per share.
4. Beta Glass Company Plc: +9.99%, ending at ₦176.70 per share.
5. Honeywell McCallum Ltd: +9.88%, closing at ₦4.67 per share.
6. Abbey Mortgage Bank Plc: +9.86%, settling at ₦7.69 per share.
Top Losers:
1. E-Tranzact International Plc: -10%, closing at ₦5.40 per share.
2. Nigerian Aviation Handling Company Plc: -9.64%, ending at ₦75.00 per share.
3. John Holt Plc: -9.48%, closing at ₦5.25 per share.
4. Union Dicon Salt Plc: -9.47%, ending at ₦7.65 per share.
5. C&I Leasing Plc: -8.31%, closing at ₦3.86 per share.
6. Linkage Assurance Plc: -8.06%, ending at ₦1.14 per share.
Top Traded by Volume:
• Tantalizers Plc: 49.2 million shares.
• VFD Group Plc: 48.9 million shares.
• Access Holdings Plc: 29.4 million shares.
• Zenith Bank Plc: 24.3 million shares.
Sector Performance:
• Top 30 Index: Fell by 0.24%.
• Oil and Gas Index: Gained 0.36%.
• Insurance Index: Appreciated by 0.29%.
• Industrial Goods Index: Slight increase of 0.12%.
• Main Board Index: Declined by 0.11%.
• Banking Index: Dropped by 0.24%.
Despite Monday’s dip, the ASI still maintains a:
• 1-week gain: 1.66%
• 4-week gain: 4.11%
• Year-to-date return: 5.38%