Stock Market report: NGX All-Share Index declines by 0.43% on Monday

• The NGX All-Share Index declined by 0.43% to 108,261.47 points, driven by selloffs in large-cap stocks such as MTNN (-2.07%), NB (-2.46%), DANGSUGAR (-2.26%), and HONYFLOUR (-3.08%). This translated to a market capitalization of N68.04bn, reflecting a broad weakening in investor sentiment at the start of the week.
• Sectoral indices showed widespread declines, with the Oil & Gas sector shedding 0.63%, followed by the Industrial (-0.62%), Consumer Goods (-0.54%), and Banking (-0.24%) sectors. The Insurance sector was the sole gainer, up 0.29% due to advances in GUINEAINS, PRESTIGE, and MANSARD, showcasing selective interest in defensive plays amid general market weakness.
• Market breadth improved (advancers/decliners ratio at 1.50x), with 39 gainers outpacing 26 losers. However, technical indicators signal caution, as the Relative Strength Index (RSI) declined to 65.24 from 70.55, showing momentum is easing and a potential correction phase may follow the recent rally.
• Trading activity contracted, with volume and value falling by 9.72% to 414,573,877units  and 4.01% to 10.72bn respectively. This indicates that investors are growing cautious amid macro uncertainties, possibly awaiting stronger catalysts before re-engaging significantly.
• TANTALIZER led volume with 11.86% of trades, showing retail investor activity, while MTNN dominated value traded with 40.89% share despite its price drop, underscoring institutional focus. Top gainers—SMURFIT, MEYER, and MULTIVERSE—hit the 10% ceiling, while ETRANZACT led losers, also with a 10% drop, reflecting volatility among speculative counters.

NASD SUMMARY

• The NASD OTC market saw an upward movement today as the NSI increased by 0.64%  to close at 3,326points. Market capitalization stayed unchanged at N947tn, reflecting a neutral market environment despite individual stock fluctuations.
• CSCSPLC saw a significant gain of 9.05%, closing at N85, driven by a N2.25 increase. GEO-FLUIDSPLC also performed well with a 5.24% rise, indicating positive investor sentiment in certain stocks.
• The overall market saw a decline in volume down (-99.71%) and value down (-98.97%), suggesting a sharp drop in trading activity. This could indicate lower investor participation or reduced market liquidity.