Nigerian equity dips 0.21% as investors take profit

The Nigerian equity market started the week with a decline as investors took profit from blue chip companies like ZENITH BANK, WAPCO, ACCESS BANK and GTBank.

The All-Share Index (ASI) shed 73.63 absolute points, representing a decline of 0.21% to close at 35,064.36 points, while, the Market Capitalization value also declined by N39.23 billion, representing a contraction of 0.21% to close at N18.326 trillion as the market year-to-date return declined to +30.63%.

The volume equities which investors exchanged was up by 10.74% from 292.861 million to 324.320 million, while the total value of stock traded decreased by 25.52% from ₦4.285 billion to ₦3.192 billion in 4,108 deals.

LIVESTOCK topped 16 other gainers, having added +9.92%, while TRANSCOHOT led 14 other laggards, dipping -10.00%.

The Financial Services sector led the activity chart with 267.128 million shares valued at ₦2.15 billion, the Agriculture was next with 18.391 million shares traded for ₦0.017 billion, Consumer Goods, Conglomerates, Industrial Goods sectors followed in that order.

UBA, FBNH, Access, Mbenefit and ETI were the most active stocks by volume, while Livestock, NNFM, FTNCocoa, Wapic and PZ emerged the highest price gainers on the chart.

By Dayo Kiladejo