The All-Share Index dropped by 0.4%, shedding 421.91 points to close at 104,663.34 points, which gave the NGX a negative start to the week.
As a result, investors lost N239 billion in total as the market value fell from N59.416 trillion last Friday to N59.177 trillion.
Significant market movers include UBA, which gained 4.73%, FBN Holdings, which gained 8.92%, and MTN Nigeria, whose share price fell by 7.58%.
Even though the market performed poorly today, there were 27 winners compared to 19 losers, indicating a positive market breadth.
In terms of trading volume, there was a 32% increase to 287.445 million units of shares, while there was a 116% appreciation in the market turnover to N10.8 billion.
NGX All-Share Index: 104,663.34 points
% Day Change: +0.40%
Day’s Lowest: 104,294.09 points
Day’s Highest: 105,187.74 points
% YTD: +39.97%
Market Cap: N59.18 trillion
Volume Traded: 287.445 million units
Value Traded: N10.8 billion
Top Gainers
ABCTRANS: +9.86% to close N0.78
NEM: +9.77% to close at N7.30
LIVESTOCK: +9.68% to close at N1.70
NGXGROUP: +9.55% to close at N24.10
THOMASWY: +9.34% to close at N1.99
SOVRENINS: +9.30% to close at N0.47
Top Losers
MCNICHOLS: -9.30% to close at N1.17
DAARCOMM: -8.97% to close at N0.71
UPDC: -7.89% to close at N1.40
MTNN: -7.58% to close at N247.50
AFRIPRUD: -5.96% to close at N7.10
REGALINS: -5.13% to close at N0.37
In terms of volume, UBA (+4.73%) led with 46.23 million units, followed by GTCO (-3.72%) with 35.35 million units, TRANSCORP (-2.26%) with 21.51 million units, ZENITHBANK (-1.76%) with 21.49 million units, and FBNH (+8.92%) with 17.92 million units.
Concerning turnover, TRANSPOWER (+0.79%) recorded the highest turnover with N3.63 billion, followed by GTCO (-3.72%) with N1.65 billion, UBA (+4.73%) with N1.19 billion, ZENITHBANK (-1.76%) with N834.06 million, and FBNH (+8.92%) with N698.14 million.
For stocks worth over one trillion, trading sentiment was mixed, as TRANSPOWER (+0.79%) and FBNH (+8.92%) recorded price gains, while ZENITHBANK (-1.76%), GTCO (-3.72%), and MTNN (-7.58%) recorded price declines.
Other members of the category, AIRTELAFRI, BUAFOODS, BUACEMENT, GEREGU, SEPLAT, DANGCEM, and TRANSCOHOT recorded no price changes.
For tier-1 banks, trading sentiment was also mixed, as UBA (+4.73%) recorded a price gain, while ACCESSCORP recorded no price change
