Home Stock Market Nigeria Stock market extends losses… ASI falls 0.1%

Nigeria Stock market extends losses… ASI falls 0.1%

by Business News Report

The domestic bourse closed lower for a second straight session as sell pressure on GTCO (-1.1%), ZENITH (- 0.9%), and INTBREW (-4.9) weighed on market performance indices. Thus, the NGX All-Share Index and market capitalisation fell 0.1% and ₦34.9bn respectively to 47,296.07 points and ₦25.5tn while YTD return trimmed to 10.7%. Trading activity was mixed as volume traded declined 17.3% to 231.7m units while value traded rose 63.3% to ₦6.8bn.

Across our coverage sectors, performance was bearish as all indices closed in red, save the AFR-ICT index which gained 0.2% on buying interest in MTNN (+0.5%). Leading the laggards, the Insurance index shed 1.4% dragged by AIICO (-1.4%) and WAPIC (-4.2%). Trailing, the Consumer Goods and Banking indices lost 0.7% and 0.6% respectively due to price decline in INTBREW (-4.9), GUINNESS (-4.4%), ZENITH (-0.9%), and UBA (-0.6%). Also, sell pressure on ARDOVA (-4.0%) and CAP (-10.0%) pulled the Oil & Gas and Industrial Goods indices 0.1% and 3bps lower respectively. Investor sentiment, as measured by market breadth, weakened to -0.35x from -0.32x as 12 stocks gained, 34 stocks lost while 63 closed flat. 

 Trade Summary

Market Cap (₦’bn)                        25,490.01

Market Cap ($’bn)                         61.3 47,296.07

NGX All-Share Index                    47,296.07

Daily Performance %                     -0.1%

WTD Performance %                       -0.1%

MTD Performance %                      1.4%

QTD Performance %                        10.7%

YTD Performance %                         10.7

Daily Volume                                     231.7 

Daily Value (₦’bn)                             6.8

Daily Value ($’m)                              16.4

Sectoral Indices Performance

NGX 30                                            -0.2%

NGX BANKING INDEX                 -0.6%

NGX INSURANCE INDEX             -1.4%              

NGX CONSUMER GOODS INDEX -0.7%

NGX OIL/GAS                                     -0.1%

NGX LII                                                 0.1%

NGX INDUSTRIAL GOODS INDEX   0.0%

NGX-AseM                                              0.0%                                            

-0.7% -1.6% 0.2%

Related Posts