Transactions on the floor of the Nigerian Stock Exchange, NSE, on Monday, November 21, remained in the south for the sixth consecutive market day.
As such, the All Share Index dropped 0.15 percent to close at 25,499.00 points from 25,537.54 points recorded in previous session, thus, increasing the year to date losses to 10.97 percent.
Market breadth stayed negative closing with 13 gainers paired against 17 losers. Dangote Sugar topped the losers’ chart depreciating by 4.94 percent to close at N6.16 per share, followed by Continental Re-insurance that shed 4.81 percent to close at 99 kobo per share and Neimeth Pharmaceuticals that lost 4.65 percent to close at 82 kobo per share.
Also, Wema Bank and Transcorp Nigeria dropped 3.64 and 2.86 percent each to close at 53 kobo and 68 kobo per share respectively.
Conversely, Transcorp Hotels led the gainers chart with a 4.95 percent growth to close at N5.51 per share, followed by Flourmills with a gain of 4.94 percent to close at N17 per share, while Fidson Healthcare recorded a 4.84 percent growth to close at N1.30 per share.
Cutix added 4.76 percent to close at N1.98 per share and Africa Prudential Registrars emerged the top fifth gainer with an appreciation of 3.92 percent to close at N2.65 per share.
Transcorp emerged the most traded stock for the day with 19.9 million shares valued at N13.6 million. Skye Bank followed with 14.1 million shares worth N7.1 million, while Diamond Bank traded 10.1 million shares valued at N9.2 million.
FCMB traded 9.1 million shares worth N9.4 million and UBA came fifth, exchanging 8.5 million shares for N36.3 million.
Total volume traded in the course of the day declined by 32 percent to 112.4 million shares valued at N858.5 million in 2,532 deals, in comparison with 165.6 million units valued at N888.2 million exchanged in 2,279 deals last Friday.
