Nigerian Bourse halts eleven straight losing streak, gains 0.36%, Monday

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The Nigerian Stock market rebounds 0.36 percent on Monday after eleven straight sessions of losses, buoyed by gains in oil and gas and the banking sectors.

The All-Share Index closed at 36,943.10 points, away from the previous close of 36,816.29 points, while the market capitalization closed at N13.383trillion, adding N47billion above the N13.803trillion it close on Friday.

Volume of shares traded declined by 39.16% to 314.428 million units from 516.832 million units traded the previous session.

Consequently, N7.033 billion worth of transaction was recorded against the previous N7.195billion, which represents 2.26% decline. The numbers of deals however increased by 19.57% from 5,031 to 6,016 in the corresponding sessions.

MARKET BREADTH

19 stocks closed in green against 25 which closed in red, bringing the market breadth to a negative round up.

PERCENTAGE GAINERS

Japaul oil occupies the first space on the percentage gainers list with 9.09% to close at N0.24, followed by Custodian, Eternal oil and Guaranty with 4.92%, 4.90% and 4.53% to close at N5.12, N6.64 and N40.40 respectively.

PERCENTAGE LOSERS

NPF Micro- finance bank, OANDO and Cadbury top the price percentage losers’ chart, losing 9.33%, 8.96% and 8.00% respectively ahead of other 22 stocks on this chart. 

VOLUME DRIVERS

Guaranty Trust is the most actively traded stock for the day, having traded 67.156 million units of its share, valued at N2.681 billion in 454 deals

 

 

 

 

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