MTNN, WAPIC and UACN drag down the stock market performance
- Today, the Nigerian stock market performance extended its bearish trend, as the NGX All Share Index (ASI) fell by 0.15%, to close at 140,716.10 points. Consequently, the year-to-date return dropped to 36.72% from the 36.92% recorded in prior week. Market capitalization also shed N135.35bn (-0.15%), settling at N89.06trn.
- The market downturn was largely driven by sell pressure in MTNN (-4.80%), WAPIC (-8.75%), and UACN (-2.37%), outweighing buying interest in DANGSUGAR (+10.00%), STANBIC (+3.93%), and WAPCO (+1.75%).
- Market activity declined, with transaction volume down by 41.70%, while value dipped by 34.04%. ZENITHBANK (+1.33%) led the volume and value charts with 69.00m units traded in N4.76bn worth of transactions.
- Market breadth closed negative at 0.82x, reflecting more decliners than gainers. DANGSUGAR (+10.00%) led the twenty-three (23) gainers, while DEAPCAP (-9.42%) topped the twenty-eight (28) laggards, and the remaining stocks closing flat.
NASD Summary
- The NASD OTC Securities Index (NSI) and market capitalisation advanced by 0.69%, closing at 3,5550.62 points and N2.13trn, respectively.
- Market activity was mixed, as transaction volume dipped by 22.04%, while value surged 1991.94%.
- SDLBICPLC (+8.90%) topped the market gainers, while SDACORN (-0.76%) was the only laggard.
