Nigerian bourse down by 2.77% due to profit taking

The Nigerian Stock Exchange opened the week on negative trend, obviously as a result of profit taking by the investors on the Exchange as the market All-Share Index and the Market Capitalization decreased by 2.77 per cent, while the year-to-date return stood at 33.37 per cent.
The All-Share Index closed at 35,844.00 against the previous close of 36,864.71 while Market Capitalization closed at ₦12.354 trillion against previous close of ₦12.705 trillion.
Volume traded decreased by 6.74 per cent from 525.596 million to 490.164 million, while the total value of stock traded decreased by 35.29 per cent from ₦8.138 billion to ₦5.266 billion in 5,558 deals.
The Financial Services sector led the activity chart with 387.94 million shares exchanged for ₦3.233 billion. Conglomerates came next with 49.987 million shares traded for ₦0.077 billion, Consumer Goods, Oil And Gas, Industrial Goods sectors followed in that order on the activity chart.
FCMB, FBNH, Transcorp, Zenithbank and UBA were the most active stocks by volume. Dangsugar, NASCON, Cileasing, Okomuoil and Honyflour emerged the highest price gainers on the chart, while CCNN, Dangcem, Guaranty, Wapco and Zenithbank topped the losers chart.