Equities trading on the Nigerian Exchange Limited began the week on a bearish note, as the All-Share Index fell by 0.21 percent to close at 97,626.27 points.
Consequently, a total of ₦122.89 billion was erased from the market capitalization, bringing it down to ₦59.17 trillion.
Despite this, the year-to-date return remained robust at 30.56 percent.
Sectoral performance was predominantly negative, with declines recorded in the banking, consumer goods, oil/gas, and industrial goods sectors down at 1.60 percent, 0.03 percent, 0.24 percent and 0.16 percent decline, while the insurance sector posted a gain of 0.69 percent.
However, market breadth favoured the bulls, with 29 stocks advancing compared to 23 decliners.
Leading gainers included HMCALL, SUNO SASUR, NCR, SOVRENINS, and TANTALIZER, while NSLTECH, DAARCOMM, AUSTINLAZ, GUINEAINS, and LASACO topped the losers’ chart.
Trading activity was strong, with the number of deals, trading volume, and trade value increasing by 8.13 percent, 83.09 percent, and 75.37 percent, respectively.
A total of 671.26 million shares valued at ₦10.64 billion were traded across 10,464 transactions.
FBNH emerged as the most actively traded stock in terms of both volume and value, with 245 million shares worth ₦6.23 billion exchanged in 574 deals.
