NGX Equities Market Gains By 0.19 Percent

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The Equities Market of the Nigerian Exchange Limited, NGX significantly expanded on its Friday loss by 0.19 percent where the All-Share Index declined by 73.01 basis points to 37,585.25 basis points from 37,658.26 basis points.
This comes even as the Market Capitalisation declined by 35billion Naira to close the day at 19.592 trillion Naira from 19.627 trillion Naira on Friday.

The loss recorded on Monday was attributed to foreign investors sell-off on BOC Gas which declined by 9.95%.

During Monday’s trading, investors traded 163,502million units of shares valued at N3.44billion in 3,562 deals where 17 stocks recorded gains while 21 stocks declined.

First Bank Nigeria Holdings was the most traded stock by volume at 18.141 million units of shares while MTN was the most traded by value at N1.5billion.

Top on the ladder for the gainers on Monday was IKEJA HOTEL which began the day at N1.00k per share and closed at N1.10k per share, gaining 0.10k or 10.00 percent.
Next was FIDSON with an opening selling price of N5.56k per share and a closing selling price of N6.00k per share, gaining 0.44k or 7.91percent.

And LinkAssure opened at N0.65k per share and closed at N6.00k per share,gaining N0.05k or 7.69 percent.

On the other side of the divide, BOC GAS led the decliners, falling by N1.05k or 9.50 percent from N10.55k per share to N9.50k per share.
ROYALEX followed with a fall from 0.63k per share to 0.58k per share dropping 0.05k or 7.94 percent while UNITY BANK fell from 0.58k per share to 0.55k per share dropping by 0.03k or 5.17 percent.

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On sectoral performance, the Banking Index fell by 0.02% from 365.83 to close at 365.76 ,the Oil/Gas Index fell by 0.35% to 313.48 from 314.58.
Conversely, the Consumer Goods Index appreciated by 0.07% to 571.64 from 571.60 basis points and the Insurance Index gained 0.22 % to close at 199.69 from 199.26 and the Industrial Index also rose by 0.07% to close at 1,887.68 from 1,886.35.

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