AGS NEWS – The Nigerian equity market opened the week on a negative note, with the All Share Index falling by 0.72% to close at 97,881.75 points.

This decline reduced the market’s year-to-date return to 31.87%, the month-to-date return to 0.16%, and the week-to-date return to -0.72%.

Market capitalisation ended at N55.58 trillion, with investors trading 498.27 million shares in 10,645 deals, valued at N11.77 billion. Despite the overall downturn, market breadth remained positive, with 29 gainers and 23 losers.

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Julius Berger Nigeria led the gainers, with a 10% increase in share price to N121.00 per share, followed by National Salt Company, Total Nigeria, and Oando, all recording nearly 10% gains.

On the losing side, BUA Cement saw the highest decline, dropping 11.3% to close at N114.30. Other notable losers included Skyway Aviation Handling Co., Sunu Assurances Nigeria, and Flour Mills Nigeria.

Guaranty Trust Holding led in trading volume with 124 million shares, followed by Veritas Kapital Assurance, Access Holdings, and Japaul Gold and Ventures.

Trading activity saw a 4% increase in volume, a 44% rise in turnover, and a 12% improvement in the number of deals.

Last week, the market showed signs of recovery, with a N945 billion gain.