The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by 0.72% to 97,881.75 points.
This drop reduced the market’s year-to-date return to 31.87% and the month-to-date return to 0.16%, while the week-to-date return fell to -0.72%.
The market capitalization reached N55.58 trillion, with 498,271,393 shares traded in 10,645 deals, totaling N11.77 billion. Despite the overall decline, the market showed positive breadth with 29 gainers versus 23 losers.
Julius Berger Nigeria led the gainers with a 10% rise in share price, closing at N121.00 per share. National Salt Company, Total Nigeria, and Oando also posted strong gains.
On the downside, BUA Cement saw the largest drop, falling 11.3% to N114.30, while Skyway Aviation, Sunu Assurances, and Flour Mills Nigeria experienced declines.
Guaranty Trust Holding had the highest trading volume, followed by Veritas Kapital Assurance, Access Holdings, and Japaul Gold and Ventures.
Despite the negative performance on Monday, last week’s market showed recovery with a N945 billion gain.
(Punch)