Na wah! E be like sey dem don finally balance for Nigerian stock market small-small. E no dey easy o, but we go take am like dis: market don rise by N3.45bn to N105.96tn for Monday o.
The All-Share Index sef come up by just 5.38 points, wetin be like 0.003 per cent, to settle for 165,517.56. No forget say dis one dey give us 6.36 per cent return since beginning of di year, but no be everything dey jolly.
Trading activity dey cold; dem no dey trade like before. Only 601.64 million shares for N17.30bn change hand for 58,419 deals – dat one na 18 per cent fall for trading volume. But the number of deals increase by 33 per cent, e mean sey people still dey participate, even if dem no dey spend plenty money.
Dem sey 36 equities don fall, while 35 don rise, which mean sey the market sef dey do im own mixing. Na 132 listed equities come join dey trade. For gainers, na NPF Microfinance Bank carry first position, don rise by 10 per cent to close for N5.61 per share.
Morison Industries follow come with 9.97 per cent increase, make e dey N8.27, as Union Homes Real Estate Investment Trust still manage to rise by 9.95 per cent, close for N78.45. E better make we mention Deep Capital Management, wey don rise by 9.94 per cent to N7.85, and Zichis Agro-Allied wey don gain 9.92 per cent to land for N2.88.
SCOA Nigeria no wan lag behind, but for di losers side, we get May and Baker Nigeria wey don drop 10 per cent to close for N39.15. Neimeth International Pharmaceuticals too no dey smile, as e fall by 9.81 per cent to N11.95.
As activity dey happen, Chams dey lead for trading volume with 41.6 million shares into dem accounts. E get Access Holdings wey follow with 34.4 million, Guaranty Trust Holding dey come behind with 31.6 million shares, and Zenith Bank dey do dem own with 26 million shares.
Make we switch am small; Brent Crude dey sell for $60.28 per barrel, while WTI Crude dey $57.68 per barrel. OPEC Basket dey $59.61 per barrel, and Gold dey $4,426.65 per ounce. Na wah! Meanwhile, U.S. Dollar Index don close for 97.59 index points, no be small thing.
Last week, market face serious wahala as investors don dey take profit, and e cause Nigerian Exchange Limited to lose N394bn in capitalisation. E be like sey everybody dey watch each other, retail and institutional investors dey calm down small.
So my people, make we dey shine eye as we dey watch market action; e fit change tomorrow!
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