The All-share index dropped d by 0.13% to close at 42,357.90 index points as against the 0.58% gain recorded last Friday.
market's, Bears clawing down on the naira, hits N425 to $1
Nigerian stock market ended its first trading session of the week on a bearish note.
The All-share index dropped d by 0.13% to close at 42,357.90 index points as against the 0.58% gain recorded last Friday. Nigerian Stock Exchange market capitalization currently stands at N22.16 trillion. Investors lost N28.65 billion.
Its Year-to-Date (YTD) returns currently stands at +5.18%.
Nigerian Stock markets trading turnover on Monday also ended negative as volume dipped by 12.40% as against the 20.63% surge recorded last Friday
UBN, TRANSCORP, and UBA were the most active to boost market turnover.
Market breadth closed positive as HONYFLOUR led 33 Gainers as against 28 Losers topped by ROYALEX at the end of today’s session – an improved performance when compared with the previous outlook.
Top gainers
MRS up 8.94% to close at N13.4
UACN up 7.19% to close at N8.95
INTBREW up 6.67% to close at N6.4
DANGSUGAR up 2.12% to close at N21.7
SEPLAT up 1.02% to close at N495
Top Losers
JBERGER down 7.28% to close at N21
NESTLE down 3.65% to close at N1450
VITAFOAM down 3.48% to close at N9.7
FLOURMILL down 3.17% to close at N33.6
ACCESS down 1.61% to close at N9.15
Outlook
Nigerian bourse at Monday’s trading session was negatively impacted by losses recorded in large and medium capitalized stocks, amongst which are Access Bank, Nestle, Flour mills, Vitafoam.
Nairametrics envisages cautious buying amid renewed profit-making seen across the market spectrum.
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