Market down 0.91% as investors lose N116bn to profit taking

Profit taking that dragged down the Index of the Nigerian Stock Exchange for most part of last week continued on Monday as the market All Share Index (NSE ASI) and the Market Capitalization decreased by 0.91 per cent as investors recorded N116 billion value erosion.
The year-to-date return of the exchange stood at 36.13 per cent as the All-Share Index closed at 36,584.44 against the previous close of 36,920.56 while Market Capitalization closed at ₦12.610 trillion against previous close of ₦12.726 trillion.
Volume traded increased by 55.69% from 236.619 million to 368.382 million, while the total value of stock traded increased by 30.47% from ₦4.808 billion to ₦6.273 billion in 3,729 deals.
The Financial Services sector led the activity chart with 309.39 million shares exchanged for ₦3.776 billion. Consumer Goods came next with 19.686 million shares traded for ₦0.854 billion, Industrial Goods, Services, Conglomerates sectors followed in that order on the activity chart.
AIICO, Guaranty, Zenithbank, Unitykap and UBA were the most active stocks by volume. Flourmill, Transcorp, Dangflour, Honyflour and Learnafrca emerged the highest price gainers on the chart, while Vitafoam, Mansard, SCOA, Paintcom and Skyebank topped the losers chart.