The inventory market opened the week on a unfavourable notice, with efficiency indices displaying combined outcomes.
Particularly, the Nigerian Trade Ltd., NGX, market capitalisation declined by N659 billion or 1.01 per cent, falling to N65.488 trillion from N66.147 trillion recorded on Friday.
Equally, the All-Share Index dropped sharply by 1.23 per cent or 1,295.02 factors, closing at 104,216.87 in comparison with 105,511.89 posted on Friday.
The combined efficiency was largely attributed to the itemizing of First Holdco Plc’s Rights Subject of 5,982,548,799 atypical shares at 50 kobo every, priced at N25 per share on the premise of 1 for six, which turned efficient on April 7.
Market breadth additionally closed unfavourable, with 51 losers and 9 gainers.
On the losers’ chart, Cornerstone Insurance coverage declined by 10 per cent to shut at N2.97, whereas Oando Plc additionally fell by 10 per cent to N37.80 per share.
Secured Digital Know-how dropped 10 per cent to 45k and RT Briscoe misplaced 10 per cent to shut at N2.16 per share.
Equally, Honeywell Flour Mills declined by 9.98 per cent to shut at N10.19 per share.
Conversely, on the gainers’ chart, VFD Group soared by 10 per cent to shut at N62.70, whereas TotalEnergies Advertising and marketing Nigeria rose by 9.61 per cent to N745.00 per share.
Guinea Insurance coverage grew by 9.52 per cent to shut at 69k, and Worldwide Vitality Insurance coverage elevated by 9.33 per cent to N1.64 per share.
Additionally, Abbey Mortgage Financial institution gained 8.88 per cent to shut at N5.15 per share.
By way of quantity, First Metropolis Monument Financial institution led the exercise chart with 65.5 million shares value N588.99 million.
Constancy Financial institution adopted with 42.53 million shares valued at N818.38 million, whereas Warranty Belief Holding Firm offered 34.49 million shares value N2.33 billion.
Entry Company recorded 31.83 million shares traded, valued at N687 million, and Zenith Financial institution moved 31.68 million shares value N1.47 billion.NAN
