The equities segment of the Nigerian Stock Exchange started the week on a negative note as profit-taking activities weighed it down.
The NSE All-Share Index dipped by 0.6 per cent or 182.53 basis points to 30,405.88 basis points, while the market capitalisation of the listed equities declined by 0.12 per cent or N13bn to close at N10.499tn.
It was a generally negative start for the stock market as all NSE indices declined with the exception of the NSE Oil and Gas Index, which gained 0.09 per cent to close at 351.83 basis points, as well as the NSE Alternative Securities Market Index that closed unchanged.
For instance, the NSE Premium Board Index declined by 1.2 per cent to 1,624.38 basis points and the NSE Main-Board Index fell by 0.28 per cent to 1,447.56 basis points.
Also, the NSE 30 Index and the NSE Lotus Islamic Index were down by 0.45 per cent and 0.47 per cent to close at 1,382.56 basis points and 2,030.55 basis points, respectively, while NSE Pension Index edged lower by 0.2 per cent to close at 941.76 basis points.
A review of the sectoral indices showed that the NSE Industrial Index was the worst hit on Monday. It fell by 1.1 per cent to 2,152.35 basis points; followed by the NSE Insurance Index, which was down by 0.63 per cent to close at 139.38 basis points.
The NSE Banking Index was down by 0.11 per cent to close at 319.09 basis points with the NSE Consumer Goods Index falling by 0.1 per cent to 780.82 basis points.
In all, 419.948 million shares worth N2.090bn were traded in 3,056 deals with 16 stocks rising and 29 declining.
The Nigerian Aviation Handling Company Plc was the day’s biggest gainer. It rose by 4.94 per cent or 22 kobo to close at N4.67 per share.
Cutix Plc was up by 4.82 per cent or eight kobo to close at N1.74 per share, while Ikeja Hotel Plc gained 4.65 per cent or 16 kobo to close at N3.60 per share.
On the other hand, Trans-nationwide Express Plc was the biggest gainer, rising by 8.93 per cent or 10 kobo to close at N1.02 per share.
Livestock Feeds Plc followed with a five per cent or nine kobo share price appreciation to close at N1.71 per share.
Berger Paints and Products Nigeria Plc declined by 4.99 per cent or 52 kobo to close at N9.90 per share with Aluminium Extrusion Industries Plc and Portland Paints and Products Nigeria Plc shedding 4.93 per cent and 4.87 per cent to close at N9.84 and N3.71 per cent, respectively.
A turnover of 1.666 billion shares worth N14.057bn had been traded by investors on the floor of the Exchange last week in 14,003 deals with the NSE All-Share Index and market capitalisation appreciating by 0.15 per cent to close on Friday at 30,588.41 basis points and N10.513tn, respectively.
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Source : Punch