Investors on the Lagos Custom Street reversed the previous day’s positive sentiment to continue profit-taking as the market index (All-Share Index) sheds 37.94 basis points representing a decline of 0.09 percent to close at 41,975.45.
While the Market Capitalization lost ₦19.80Bn, representing a decrease of 0.09 percent to close at ₦21.91 trillion.
→ Also, the market activities traded bearishly, as the Total Volume and Value traded declined by 8.16 percent and 37.16 percent, respectively.
A total of 292.94 million units valued at ₦2.06 billion were transacted in 4,899 Deals.
FBNH topped the traded stocks in terms of volume, accounting for 20.01 percent of the total volume of trades, followed by MULTIVERSE (10.95%), MBENEFIT (7.36%), SPERLNBANK (6.31%), and TRANSCORP (5.45%) to complete the top five on the volume chart.
Likewise, FBNH appeared as the most traded stock in value terms, with 29.84 percent of the total value of trades on the exchange.
→ On the profitability table, MULTIVERSE and UNIVINSURE led in the gainers’ chart as their share prices appreciated by 10.00 percent each, trailed HONYFLOUR (9.78%), FBNH (6.00%), OANDO (2.89%), FCMB (1.33%), UCAP (0.56%) and 6 others.
Conversely, 20 stocks declined in price led by LASACO with price depreciation of 9.40 percent to close at ₦1.06, as CHAMS (-8.33%), ETERNA (-6.16%), NGXGROUP (-3.00%), WAPCO (-2.61%), UBA (-2.35%), ZENITHBANK (-2.00%), GTCO (-1.06%), and ETI (-0.61%), also dipped in price. In summary, the market breadth closed largely negative, recording 13 gainers and 20 losers.
→Meanwhile, OKOMUOIL was reclassified to High-Priced Stock Group from Medium-Priced Stock Group based on the NGX’s pricing methodology.
The stock’s price appreciated above the ₦100 price level on June 8, 2021, and traded above ₦100 until October 22, 2021, indicating that the stock price has traded above ₦100 in at least 4 of the last 6-months.