The Exchange resume today after a peaceful weekend with the following indicies.
At the close of today’s market trades, the following market barometer was made available.
The Market capitalisation and the All Share Index decline by marginally by a similar percentage of 0.45 percent approximately. The ASI falls by 120.54 basis point. Also, the volume and value of equities traded in the exchange fall drastically to 262,897,414.00 and N1,747,930,948.07 respectively in 2,789 deals.
This is opposed to last week figures where the Market Capitalization increases continuously day by day. As per last week, it was predicted that a percentage of investors are selling their shares so as to meet up the expenses of the holidays coming soon. However, other investors were buying this shares. But the market behaviour changes this week starting today.
It is possible for the market capitalisation to continue to drop. This is true as it is in many developed stock exchange that saw decline in market capitalisation. This time, as a result of the closeness of the holidays. Many a huge percentage of individual investors who are willing to buy shares at the exchange decline to buy them. They need to relax, travel or do other things for the holiday season. Leaving majorly institutional investors to trade in the stock market.
The top five gainers in the gainers table are
COY. PREV. CLOSE. +Δ
GUINNESS 77.6 85 7.4
TOTAL 277.13 280 2.87
JBERGER 35 36.75 1.75
DANGSUGAR 6.1 6.35 0.25
NASCON 7 7.22 0.22
While the top five losers are
COY. PREV. CLOSE. -Δ
SEPLAT 410 390 -20
FO 116.24 104.91 -11.33
MRS 45.51 43.24 -2.27
UNILEVER 39.57 37.6 -1.97
ETI 12.04 11.45 -0.59
The top five traders by volume in the exchange with the Financial service sector toping the list are: