Home Stock Market Nigerian stock market records losses, ASI down 0.1%

Nigerian stock market records losses, ASI down 0.1%

by Business News Report

Local bourse resumed the week with losses due to sell pressure in BUACEMENT (-4.7%), GUARANTY (-1.2%) and WAPCO (-1.2%) as the All-Share index fell 0.1% to 38,686.40 points. Consequently, YTD loss worsened to -3.9% while market capitalisation declined by ₦20.7bn to ₦20.2tn. Trading activity was mixed as volume traded rose by 5.9% to 210.8m units while value traded fell by 5.7% to ₦1.5bn. The most traded stocks by volume were FBNH (16.6m units), WAPIC (16.5m units), and CHAMS (16.2m units) while ZENITH (₦365.9m), SEPLAT (₦134.2m), and FBNH (₦121.0m) led by value.

Across sectors under our coverage, performance was bearish as 5 indices lost while 1 index gained. The Oil & Gas index was a lone gainer, up 0.3% due to buying interest in CONOIL (+9.6%) and ARDOVA (+2.7%). Conversely, the Insurance and Banking indices fell by 1.9% and 0.9% respectively, following price depreciation in AIICO (-2.6%), MANSARD (-1.1%), GUARANTY (-1.2%), and FCMB (-4.6%). Similarly, the Consumer and Industrial Goods indices declined by 9bps and 7bps respectively on the back of sell pressure in UNILEVER (-4.2%)  and WAPCO (-1.2%). In the same vein, AFR-ICT index lost, down 1bp due to sell-offs in CWG (-9.8%).

Investor sentiment as measured by market breadth (advance/decline ratio), weakened to 0.5x  from 1.2x in the last trading session as 13 stocks advanced while 28 stocks declined. MORISON (+9.7%), CONOIL (+9.6%) and VERITASKAP (+8.3%) led gainers while JULI (-9.9%), CWG (-9.8%), and JAPAULGO (-8.5%) led decliners. In the next trading session, we expect the domestic bourse to extend bearish performance in the absence of any positive catalyst.

Market Statistics for Monday, 7th June 2021 

Market Cap (N’bn)20,164.3
Market Cap (US$’bn)49.1
NSE All-Share Index38,686.4
Daily Performance %(0.1)
WTD Performance %(0.1)
MTD Performance %0.6
QTD Performance %(0.9)
YTD Performance %(3.9)
Daily Volume (Million)210.8
Daily Value (N’bn)1.5
Daily Value (US$’m)3.6

Related Posts