Stock market sheds 87bps Thursday to close at 140,332.44 points
- The Nigerian stock market extended its bearish sentiment for the third consecutive session, as the NGX All Share Index (ASI) declined by 0.87%, closing at 140,332.44 points. This pulled the year-to-date (YTD) return to 36.34% from the 37.54% recorded in the previous session. Market capitalisation also fell by 0.87%, to settle at N88.78trn.
- The bearish session was driven by selling pressure in select bellwether names, including BUACEMENT (-9.96%), MTNN (-2.25%), and ACCESSCORP (-1.64%), which outweighed gains recorded in GTCO (+2.88%), CUSTODIAN (+4.86%), and ZENITHBANK (+0.44%).
- On sectors, all major indices closed in the red except the Banking Index (+0.47%), reflecting sustained pressure this week. The Insurance Index (-4.64%) led the overall decline, for the second consecutive session. The decline was trailed by the Industrial goods Index (-4.04%), the Oil & Gas index (-0.06%), and the Consumer Goods Index (-0.04%),
- Market activity declined notably, with trade volume and value transaction down by 20.51% and 0.46%, respectively. FIDELITYBK (+0.24%) led the trading activity with 96.07mn units valued at N1.99bn.
- Market breadth closed negative at 0.36x, reflecting more decliners than gainers. NSLTECH (+9.38%) topped the sixteen (16) gainers, while INTENEGINS (-10.0%) led the forty-five (45) loser’s table.
NASD Summary
- In the NASD market today, the NASD Securities Index (NSI) and market capitalisation declined slightly by 0.02%, closing at 3,640.80 points and N2.18trn, respectively.
- Market activity declined considerably, as volume and transaction value trended lower by 91.17% and 94.21%, respectively.
- SDLBICPLC (+0.97%) advanced as the leading gainer, whereas SDIGIPLC (-7.69%) led the market laggards.
