Trading Session At The Nigerian Equity Market Floor

By Tanko Lami

The Nigerian equity market ended the first trading day of the week on a downturn, with the All Share Index dropping by 0.72 percent to close at 97,881.75 points.

This decline reduced the market’s year-to-date return to 31.87 percent, the month-to-date return to 0.16 percent, and the week-to-date return to -0.72 percent.

Market capitalization stood at N55.58 trillion, with investors exchanging 498,271,393 shares across 10,645 transactions, totaling N11.77 billion.

Despite the overall decline, market breadth ended on a positive note with 29 gainers and 23 losers.

Julius Berger Nigeria topped the gainers with a 10 percent rise in share price, closing at N121.00 per share.

It was followed by National Salt Company and Total Nigeria, both up by 10 percent, and Oando, which increased by 9.98 percent. On the losing side, BUA Cement saw the largest drop, down 11.3 percent to N114.30.

Skyway Aviation Handling Co. fell by 5.43 percent, Sunu Assurances Nigeria by 4.76 percent, and Flour Mills Nigeria by 2.61 percent.

Guaranty Trust Holding topped the trading volume with 124 million shares, followed by Veritas Kapital Assurance with 39.3 million shares, Access Holdings with 38.3 million shares, and Japaul Gold and Ventures with 33.4 million shares.

Trading activity saw a four percent increase in volume, a 44 percent rise in turnover, and a 12 percent boost in the number of deals.

Last week, the Nigerian equity market showed signs of recovery with a gain of N945 billion.

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