Stock market capitalization falls by 8bps to settle at N91.35trillion Monday
- To begin the week, the Nigerian stock market sustained bearish sentiment from the prior session, as the ASI and stock market capitalization falls by 8bps to settle at 143,614.61 points and N91.35trn, respectively. As a result, the year-to-date (YTD) return dropped to 39.53% from 39.64% in the previous week.
- Losses in UBA (-2.85%), TRANSCORP (-1.10%) STERLINGNG (-6.94%) offset gains in UNILEVER (+4.35%), ETRANZACT (+9.06%) and ACCESSCORP (+1.46%), keeping the market in the red.
- Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 11.93%. A total of 694.78m shares valued at N28.67bn were exchanged in 24,041 deals. GTCO (+0.36%) led both the volume and charts with 203.85m units traded in deals worth N17.24bn.
- Market breadth closed negative at a 0.61-to-1 ratio with declining issues outnumbering advancing ones. NPFMCRFBK (-7.85%) topped twentty-eight (28) others on the laggard’s log, while ETRANZACT (+9.06%) led sixteen (16) others on the laggard‘s table.
NASD Summary
- The NASD market posted a loss today, as the NASD Securities Index (NSI) and market capitalisation shed 71bps, closing at 3,605.69 points and N2.16trn respectively.
- Market activity was mixed, as the transacting value surged by 199.93% to close at N11,760,000, while the transaction volume plunged by 78.90% to close at 197,376 units of shares.
- SDAIRLIQ (+9.10%) led the two advancers while SDCSCSPLC (-4.05%) led the decliners.
