NSE: All Share Index depreciates by 0.21%

The Nigerian Stock Exchange (NSE) equities market began this week’s transactions on Monday with the benchmark index declining by 0.21% triggered by late sell-offs of NESTLE NIGERIA PLC, ACCESS BANK PLC, and OANDO PLC shares.

The All Share Index closed on Monday at 27,089.84 basis points compared to Friday close of 27,146.57 basis points.

While the Market Capitalisation closed at N13,179 trillion as against previous closing of N13,206 trillion on Friday.

The total volume of trades dipped by 6.67% to close at 290.49 million units, valued at N4.29 billion and exchanged in 2,900 deals.

GUARANTY TRUST BANK PLC was the most traded stock by volume and value with 128.49 million units traded at an aggregate value of NGN3.80 billion.

On sectoral performances, losses across the Consumer Goods (-2.86%), Industrial (-0.56%), and Insurance (-0.32%) sectors outweighed gains in the Oil &Gas (+2.72%) and Banking (+0.5%) indices.

However, market sentiment, as measured by market breadth, was positive as 15 stocks recorded gains relative to 14 losers.

CUTIX PLC (-6.67%) and NPF MICROFINANCE BANK PLC (6.45%) topped the decliners list, while JOHN HOLT PLC (8.93%) and SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC (7.12%) recorded the largest gains.

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