The Nigerian Exchange (NGX) Limited closed the first trading session of the new week on a positive note with a marginal growth of 0.18 per cent despite profit-taking by the market participants.
This was because Customs Street experienced a weak investor sentiment during the trading session, as it ended with 31 price gainers and 45 price losers, representing a negative market breadth index.
NCR Nigeria gained 10.00 per cent to finish at N7.26, Cutix appreciated by 10.00 per cent to N4.07, International Insurance Energy rose by 10.00 per cent to N2.20, The Initiates grew by 9.97 per cent to N11.03, and Caverton expanded by 9.75 per cent to N7.09.
However, Meyer lost 10.00 per cent to trade at N18.90, McNichols decreased by 9.95 per cent to N3.44, Thomas Wyatt declined by 9.84 per cent to N3.39, Deap Capital tumbled by 9.77 per cent to N1.20, and Sovereign Trust Insurance crashed by 9.63 per cent to N1.22.
Yesterday, the All-Share Index (ASI) increased by 241.11 points to 131,826.77 points from 131,585.66 points and the market capitalisation went up by N153 billion to N83.394 trillion from N83.241 trillion.
Data showed that investors traded 706.0 million shares worth N21.6 billion in 30,750 deals on Monday compared with the 3.4 billion stocks valued at N62.4 billion transacted in 28,593 deals last Friday, implying an increase in the number of deals by 7.54 per cent and a decline in the trading volume and value by 79.24 per cent, 65.39 per cent apiece.
Access Holdings topped the activity chart with the sale of 61.7 million shares valued at N1.6 billion, Consolidated Hallmark traded 44.0 million stocks worth N133.8 million, Chams transacted 38.7 million equities for N118.4 million, UBA exchanged 32.9 million stocks worth N1.5 billion, and Zenith Bank sold 24.6 million shares valued at N1.7 billion.