Banking stocks took a hit as the Nigerian Stock Market opened the week on a losing streak.
The Nigerian Stock Exchange Banking Index was the worst hit and lost -2.76% due to sell-offs in UBN (-8.57%), GUARANTY (-4.33%), and ZENITH BANK (-2.27%).
However, Oil & Gas Index climbed 0.93%, on buy-interest in OANDO (+5.66%) and ARDOVA (+4.58%), and Consumer Goods Index was up by 0.33% on gains recorded in UNILEVER (+10.00%).
Market sentiment, as measured by market breadth, was slightly positive, with 14 gainers led by UNILEVER (+10.00%), as against 12 losers topped by CAP (-9.83%).
FBNH closed the day as the most actively traded stock with about 44 million units of shares marked to market at N208 million.
NSE Insurance Index shed -0.24% as WAPIC (-9.10%) closed lower. Industrial Index also fell by 0.08%, due to the loss in CAP (-9.83%).
On the gainer’s table, UNILEVER was up by N1.05 to close at N11.55; ETERNA up 7.87% to close at N2.33; CILEASING up 6.67% to close at N4.8; OANDO up 5.66% to close at N2.8, and ARDOVA up 4.58% to close at N16.
CAP led the loser’s chart, down 9.83% to close at N20.65; UBN down 8.57% to close at N6.4; HONYFLOUR down 8.41% to close at N0.98; GUARANTY down 4.33% to close at N21.95; and ZENITH BANK down 2.27% to close at N15.05.