Home Stock Market Nigerian Equities market slips further… ASI down 49bps

Nigerian Equities market slips further… ASI down 49bps

by Business News Report

Trading activity on the domestic exchange closed negatively today, as the All-Share Index fell further by 49bps to close at 38,044.58 points following price decline in DANGCEM (-2.9%), GUARANTY (-1.2%), and UACN (-2.2%). Consequently, YTD loss worsened to -5.5% while market capitalisation declined by ₦98.6bn to settle at ₦19.8tn. Trading activity was mixed as volume traded rose by 5.5% to 214.2m units while value traded fell by 26.4% to ₦1.3bn. The most traded stocks by volume were SOVERENINS (27.2m units), MBENEFIT (17.2m units), and UACN (15.7m units) while GUARANTY (₦226.3m), UACN (₦174.3m), and ZENITH (₦134.2m) led by value.

Across sectors under our coverage, performance was bearish as 4 indices lost, 1 gained and 1 closed flat. The Oil & Gas and Industrial Goods indices lost 1.1% apiece, following price decline in MRS (-5.0%) and DANGCEM (-2.9%). The Banking and Insurance indices lost 0.4% and 0.3% respectively, due to sell-offs in GUARANTY (-1.2%), ETI (-0.1%), and WAPIC (-5.7%). Conversely, the Consumer Goods index gained 0.1% driven by price uptick in CHIPLC (+6.4%) and FLOURMILL (+0.2%). However, the AFRI-ICT index closed flat.

Investor sentiment as measured by market breadth (advance/decline ratio), weakened to 0.8x from 1.4x in the last trading session as 16 stocks advanced while 21 declined. MBENEFIT (+7.3%), REGALINS (+7.1%) and CUTIX (+7.1%) led gainers while SOVERENINS (-10.0), ABCTRANS (-8.1%) and ACADEMY (-7.7%) led decliners. We expect the market to close the week in the negative region.

Market Statistics for Thursday, 27th May 2021 

Market Cap (N’bn)19,829.7
Market Cap (US$’bn)48.2
NSE All-Share Index38,044.58
Daily Performance %(0.5)
WTD Performance %(0.7)
MTD Performance %(4.5)
QTD Performance %(2.6)
YTD Performance %(5.5)
Daily Volume (Million)214.2
Daily Value (N’bn)1.3
Daily Value (US$’m)3.3

Related Posts