Custom Street Shares Down Marginally as Investors Reverses Sentiment

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Nigeria Custom street shares reversed the previous day’s rebound as the market performance indicators (NGX-ASI and Market Cap.) downed marginally by 0.01 percent. The decline follows the investors’ profit-taking in Insurance sector of the market. As a result, the market index (All-Share Index) sheds 4.08 basis points, representing a downturn of 0.01 percent to close at 44,604.74. While the Market Capitalization lost ₦2.20Bn, representing a decline of 0.01 percent to close at ₦24.032 trillion.

→ However, the market activities were mixed as the Total Volume traded rose by 20.81 percent, while the Total Value traded further dropped by 4.37 percent. 321.75 million units valued at ₦3.66 billion were transacted in 4,565 Deals. Meanwhile, TRANSCORP sustained the led as the most traded stock in terms of volume, accounting for 32.50 percent of the total volume of trades, followed closely by JAIZBANK (20.73%), MEBENFIT (4.27%), FBNH (3.91%), and GTCO (3.39%) to complete the top five on the volume chart. While, SEPLAT emerged as the most traded stock in value terms, with 25.19 percent of the total value of trades on the exchange.

→ On the success chart, TRANSCORP topped the gainers’ chart with price appreciation of 9.71 percent, trailed by JAIZBANK (6.06%), FIDXON (3.64%), AIICO (2.56%), CUTIX (1.15%), MAYBAKER (0.94%), STERLNBANK (0.66%), NGXGROUP (0.50%), ZENITHBANK (0.20%) and five (5) others. On the contrary, fifteen (15) stocks declined in price, led by NEM with price depreciation of 10.00 percent to close at ₦0.36 as CUSTODIAN (-9.49%), UACN (-5.21%), JAPAULGOLD (-4.44%), HONYFLOUR (-2.35%), UBN (-1.77%), UCAP (-0.91%), LASACO (-0.88%), and STANBIC (-0.80%) also dipped in price. Consequently, the market breadth closed marginally negative, recording 14 gainers and 15 losers.

→ Meanwhile, the market sector performance was positive. As the three of the market indices increased compared to the last session, topped by the Consumer Goods (0.16%), Banking (0.07%) and Industrial Goods (0.002%), while the Insurance sector dipped by 0.09% as the Oil & Gas sectors remain unchanged.