Nigerian stock market closes 0.30% lower on Friday
The Nigerian stock market closed lower today, with the NGX All-Share Index (NGXASI) declining by 0.30%. On a weekly basis, the index still posted a 1.46% gain. Today’s negative performance was primarily driven by profit-taking in heavyweight stocks including DANGCEM (-10.00%), VFDGROUP (-7.57%), DANGSUGAR (-2.03%), ACCESSCORP (-0.21%), and TRANSCORP (-1.94%). As a result, the market shed approximately ₦202.15 billion, bringing the total market capitalisation to ₦66.46 trillion.
Analysis of today’s market activities showed that volume traded rose by 30.41% to 428.08 million units: Value traded surged by 94.54% to ₦20.17 billion: A total of 14,284 transactions were recorded. LEGENDINT, IKEJAHOT, and INTBREW each posted the maximum daily gain of +10.00%. Meanwhile, DANGCEM emerged as the biggest laggard, shedding -10.00%. GTCO led the volume chart with 60.73 million units (14.19% of total volume), FIDELTYBK followed with 41.40 million units. MTNN topped the value chart with ₦8.24 billion, closing +4.29% at ₦255.5, while GTCO followed with ₦3.80 billion.
NASD SUMMARY
The NASD OTC market also experienced a bearish session, declining by 0.24%. This dragged the market capitalisation down to ₦1.914 trillion from the previous ₦1.918 trillion, reflecting weak investor sentiment in the unlisted securities segment. Source. Coronation Securities Limited.
