Equity Market Resume for the Week on a Losing Note

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In continuation of the trend witnessed in the last three trading sessions of last week, the Nigerian equity market today (Monday) resume for the new week on a losing note, as market value dropped further by N40.67 billion. Resultantly, market breadth closed negatively, recording 16 losers as against 13 gainers.

In summary, the All-Share Index (ASI) decreased by 77.82 absolute points, representing a decline of 0.27% to close at 28,337.49 points. Similarly, the Market Capitalization value lost N40.67 billion, representing a decline of 0.27% to close at N14.81 trillion.

Equity Market Resume for the Week on a Losing Note Brandspurng
Photo by Mark Finn

ETERNA, for the third straight session, topped the gainers’ chart, while INTBREW emerged top of the losers’ chart.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; INTBREW (-9.11%), FLOURMILLS (-4.55%), PZ (-2.44%), WEMABANK (-1.67%), BUACEMENT (-1.45%), MTNN (-0.36%), GUARANTY (-0.33%), and ZENITHBANK (-0.25%).

MARKET STATISTICS

CAP N14,811,545,875,714.06 One Day (ASI CHG) -0.27%
Index 28,337.49 One Week (ASI CHG) +2.84%
Volume 369,177,675.00 One Month (ASI CHG) +11.04%
Value N5,060,084,238.66 Six Months (ASI CHG) +32.52%
Deals 4,750.00 52 Weeks (ASI CHG) +6.60%
Gainers 13 Losers 16
Unchanged 78 Total 107
YTD +5.57%
Read Also:  Nigerian Stock Market Index Up by 0.87% on the Last Trading Day of 2019
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Source: NSEGTI Research

NASD OTC MARKET

The NASD OTC market performance indicators today (Monday) closed positively, as the Unlisted Securities Index (USI) gained 0.47% to close at 726.54 points as against 723.13 points in the prior section. The Market Capitalization value also appreciated by N2.5 billion to close at N533.69 billion compared to the previous closing value of N531.19 billion.

In the same vein, the Volume and Value of transactions for today also increased by 123,199.53% and 3,243% respectively to close at 29,075,261 units, and N108.15 million, despite the reduction in the number of deal executed to 5 from 8 last Friday.

GTI Research

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