Negative sentiment persist as NGX All Share Index declined by 0.09%
The Nigerian stock market extended its negative sentiment into today’s session, as the NGX All Share Index declined by 0.09% to 155,353.20 points. As a results, the year-to-date return eased to 50.94% from the 51.08% in the previous session, while market capitalisation contracted by N90.73bn settling at N98.61trn.
The negative sentiment was driven profit-taking in select large-cap and mid-cap stocks including ZENITHBANK (-3.21%), WAPCO (-1.72%), UBA (-1.49%), and ACCESSBANK (-2.33%) which outweighed buying interest in MTNN (+0.99%), STANBIC (+2.61%), ETI (+4.03%), AIICO (+6.13%).Market activity improved slightly, as the transaction volume and value increased by 4.46% and 1.81%, respectively.
SOVRENINS (+9.88%) led the volume chart with 42.65mn units traded, DANGCEM (+0.00%) led the value chart with N4.54bn worth of trades. Market breadth closed negative at 0.75x, indicating more decliners than gainers. ASOSAVINGS (+9.72%) led the twenty-seven (27) gainers, while LASACO (-8.62%) led the thirty-six (36) laggards, with the remaining stocks closing flat.
NASD Summary
The NASD closed on a negative note, as the NASD Securities Index (NSI) and market capitalisation declined by 0.31%, closing at 3,643.41 points and N2.18trn, respectively.
Market activity was down, with transaction volume and value lower by 69.03% and 45.83%, respectively. SDCSCSPLC (+1.12%) topped the market gainers, while SDFCWAMCO (-8.56%) led the decliners in today’s session.
