Profit-taking in MTNN, UBA, and ETI dragged the Nigerian equity market dipped for the fourth consecutive time on Monday.
The NGX All-Share Index lowered by 0.1% to 43,230.34 points as the market capitalisation lost ₦11.8billion to close at ₦22.6trillion while YTD return weakened to 7.3%.
Market activity faltered as volume and value traded dipped 6.8% and 7.8% respectively to 293.4m units and ₦4.3bn.
FBNH (101.2m units), ACCESS (44.2m units), and FCMB (34.8m units) topped the volume chart while FBNH (₦1.2bn), MTNN (₦740.3m), and GTCO (₦507.4m) led by value.
The Industrial Goods index closed flat while the Oil & Gas and Insurance indices gained 8bps and 6bps respectively due to buying interest in OANDO (+0.4%) and MBENEFIT (+7.4%).
The Consumer Goods index rose 5bps on the back of bargain hunting in FLOURMIL (+2.0%). Conversely, UBA (-3.0%), ETI (-1.7%), and MTNN (-0.5%) pulled the Banking and AFR-ICT indices lower by 0.4% and 0.3% respectively.
CUTIX (+9.9%), LIVESTOCK (+9.5%), and MBENEFIT (+7.4%) led gainers while VERITASKAP (-8.7%), FTNCOCOA (-6.8%), and ROYALEX (-5.7%) led decliners.
The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…
Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…
Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…
A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…
Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…
Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…
This website uses cookies.