The Nigerian equity market closed trading activities for today negative, as the market performance indicators (NGX-ASI and Market Capitalization) declined marginally by -0.02%.
The market YTD returns stood at +2.63%, as investors’ wealth was down by ₦7 billion.
The market index (All-Share Index) decreased by 12.90 basis points today, representing a marginal decline of -0.02% to close at 52,599.65.
The Market Capitalization also lost ₦7.03 billion, representing a slight decline of – 0.02% to close at ₦28,649.61 trillion from ₦28,656.64 trillion yesterday.
Furthermore, market activities were down, as the Total Volume and Total Value traded for the day dropped by -36.16% and -44.60% respectively. Approximately 116.45 million units valued at ₦2,671.35 million were transacted in 3,490 deals.
MBENEFIT was the most traded stock in terms of volume, accounting for 9.51% of the total volume of trades, followed by TRANSCORP (7.39%), GEREGU (7.21%), FBNH (6.50%), and GTCO (5.67%) to complete the top 5 on the volume chart, while GEREGU was the most traded stock in value terms, with 42.56% of the total value of trades on the exchange.
RTBRISCOE and TRIPPLEG jointly topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by OKOMUOIL (9.76%), CAVERTON (8.42%), JAPAULGOLD (7.14%), UNILEVER (13.05%), and thirteen (13) others.
Sixteen (16) stocks depreciated, and THOMASWY was the top loser, with a price depreciation of – 9.66% to close at ₦1.31, as CORNERST (-6.90%), GEREGU (-5.90%), HONYFLOUR (-5.15%), and CWG (-4.26%) also dipped in price.
In that regard, the market breadth closed positive, recording 19 gainers and 16 losers.
In addition, the market sector performance closed negative, as two out of the five major market sectors declined, which include the Insurance sector (-0.69%), and the Banking sector (-0.34%).
The consumer goods sector was up by +0.34%, while the Industrial and Oil & Gas sectors closed unchanged.