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NSE: Market down by N222bn amidst heavy sell-off of large-cap stocks



The market posted one of its biggest single day losses this year on Monday, shedding about N221.615 billion as negative sentiment remained rife.

Profit-taking in industrial stocks accounted for the most loss with the sector index slumping by as much as 7.23% to 953.94 basis points.

However, a positive market breadth was posted with 21 gainers emerging against 13 losers. The All Share Index contracted by 2.02% to 20,669.38 basis points while market capitalisation cratered to N10.772 trillion.

Year to date, the index is down by 23%.


Access Bank led gainers today, appreciating by 9.92% to close at N6.65. AIICO went up by 9.59% to N0.80. WAPCO rose to N9.80, notching up 9.50% in the process. Wema Bank added 8.51% to end today’s trade at N0.51. Fidelity completed the top 5, climbing by 8.28% to N1.83.


Cutix was the worst performing stock, declining 10% to close at N1.26. NAHCO shed 10% to close at N2.34. Learn Africa fell to N0.90, losing 10% in the process. Seplat slumped to N490.10, recording 9.99% depreciation. BUA Cement closed at N31.80, going down by 9.92%.

READ ALSO: COVID-19: Nigerian govt moves to obtain $3.4bn loan from IMF


336.430 million shares estimated at N4.128 billion were traded today in 4,184 deals.

FBN Holdings was the most active stock with 98.624 million units of its shares worth N393.421 million traded in 518 deals. 55.658 million units of GTB shares priced at N1.003 billion exchanged hands in 392 transactions. Zenith had 32.528 million shares valued at N392.768 million traded in 612 deals. FCMB traded 27.155 million shares estimated at N40.629 million in 132 transactions. Fidelity traded 23.607 million shares valued at N41.751 million in 137 deals.

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