Nigerian stock market sheds 0.1% of value on Monday
- Activity on the Nigerian stock market ended mixed albeit with a bearish tilt, as the benchmark index lost a meagre 1bp to close at 119,978.57 points, while the market capitalisation lost N10.88bn to close N75.95tn. Losses in GTCO (-1.52%), alongside ZENITHBANK (-1.81%) and STANBIC (-2.30%) outweighed gains in BUAFOODS (+2.23%), HONYFLOUR (+1.42%) and UBA (+0.14%), putting the market in the red. Consequently, the ASI y-t-d return fell to 16.57% from 16.58% the prior session.
- Analysis of today’s market activities showed that trade turnover settled higher relative to the previous session advancing by 224.69% and 246.87% across the volume and value of transaction, respectively. A total of 2.03 bn valued at N44.34 bn were exchanged in 25,172 deals. ROYALEX (+1.85%) led the volume chart with 502.26m units traded, while OANDO (-2,74%) led the value chart with N19.87bn.
- Market breadth closed positive with 1.84-to-1 ratio, with gainers outweighing losers in the market. CWG (+10.0%) topped the gainers log, while LEARNAFRCA (-10.00%) led the losers table and the rest of stocks on the exchange closed flat.
NASD Summary
- The NASD OTC Security Index (NSI) shed 0.11% today, closing at 3,347.4 points. Market capitalisation mirrored this trend, increasing to N1.96trn.
- Trading activity was mixed during the session. The volume traded declined by 99.62% to 846,042 units, while the total value of transactions increased by 86.06% to N16.15m. A total of 33 deals were recorded during the session.
