Investors Lose N19bn As NGX All Share Index Dips By 0.07%

Trading on the floor of the Nigerian Stock Exchange (NGX) Limited went south on Monday resulting in investors losing N19 billion.

The NGX All-Share Index dipped by 0.07% to close at 49,440.21 basis points as against 0.13% loss recorded previously to close at 49,475.42 basis points at the end of the last trading session.

The decline suffered by the exchange yesterday was inflicted by Seplat, GTCO and others.

ABC Transport topped the losers’ log during the session after it lost 10.00 per cent to settle at 27 Kobo. University Press declined by 9.44 per cent to N1.63, Mutual Benefits went down by 6.90 per cent to 27 Kobo, RT Briscoe decreased by 6.25 per cent to 30 Kobo, while Courteville dropped 6.12 per cent to 46 Kobo.

On the other hand, eTranzact topped the gainers’ table as it gained 9.97 per cent to close at N3.20, Academy Press rose by 9.52 per cent to N1.84, Vitafoam grew by 5.00 per cent to N21.00, Honeywell Flour appreciated by 3.36 per cent to N2.46 and Cornerstone Insurance garnered 3.33 per cent to quote at 62 Kobo.

During the session, 67.4 million shares worth N1.5 billion were transacted in 3,386 deals compared with the 107.5 million shares worth N1.2 billion traded in 3,303 deals in the preceding session, indicating a decline in the trading volume by 37.33 per cent, an increase in the trading value by 28.70 per cent and a growth of 2.51 per cent in the number of deals.

FBN Holdings was the most traded stock as it sold 9.7 million units valued at N96.6 million, Zenith Bank traded 9.3 million units worth N182.4 million, GTCO exchanged 6.1 million units valued at N120.4 million, Mutual Benefits sold 4.5 million units worth N1.3 million, while Sovereign Trust Insurance transacted 3.0 million units valued at N797,719.

Yesterday, the energy sector depreciated by 1.94 per cent, the insurance space fell by 0.25 per cent, the banking index appreciated by 0.28 per cent, the consumer goods counter rose by 0.17 per cent and the industrial goods sector closed flat.