- Weak Sentiment Drags ASI Down 0.57%
Equity Investors’ commitment to Access Corp shares on Tuesday ballooned the NGX equities market activity with 80,262,207.00 million shares worth N2, 008,078,239.35 billion, this reflects investors portfolio rebalancing and position taking in the financial holding company.
Meanwhile, the Nigerian equities market closed on a bearish note on Tuesday, as the All-Share Index (ASI) declined by 0.57% to settle at 196,066.09 points, moderating the year-to-date return to 26.00%. In tandem with the benchmark index, market capitalisation also fell by 0.57%, shedding N725 billion to close at N125.86 trillion.
Investor sentiment remained broadly negative, with market breadth closing at 33 gainers and 42 decliners. Prempaints, Sunuassur, Conoil, Daarcomm, and Eterna Plc led the gainers’ chart, while Mbenefit, Ftginsure, Redstarex, Austinlaz, and SCOA recorded the steepest losses.
Sectoral performance was largely negative, as the Banking, Consumer Goods, Oil & Gas, and Industrial Goods indices declined by 0.48%, 0.29%, 0.29%, and 0.71%, respectively. Conversely, the Insurance index posted a marginal gain of 0.04%, while the Commodity index remained unchanged.
Trading activity weakened, with the number of deals, traded volume, and trading value declining by 25.04%, 2.57%, and 11.74% to 64,829 trades, 734.5 million units, and N27.56 billion, respectively.
Top five gainers
LOTUSHAL15 led the day as the highest gainer stock with N10.56 or 10.00 per cent growth to close at N116.17 per share, followed by PREMPAINTS with N1.60 or 9.97 per cent rise, to end the day at N17.65, while, SUNUASSUR closed third in the group at N4.75 per share, having advanced by N0.43 or 9.95 per cent.
CONOIL appreciated by N18.50 or 9.95 per cent to close at N204.40, while DAARCOMM closed the day’s top five gainers group at N2.01 per share, following growth by N0.18 or 9.84 per cent.
Worst five losers
NASCON as the day’s worst loser dipped by N16.40 or 10.00 per cent to end the day at N147.60 per share, followed by MBENEFIT with N0.51 or 10.00 per cent dip, to close at N4.59, while REDSTAREX closed third in the group at N28.55 per share, having declined by N3.15 or 9.94 per cent.
Leave a Reply
Leave a Reply
