The Nigerian equities market opened the week’s trading on a bearish note as sell-offs in TRANSCORP (-5.5%) undermined market performance. As a result, the NGX ASI declined marginally by 2bps to close at 100,006.79 points. Accordingly, the month-to-date and year-to-date returns settled at -0.1% and +33.8%, respectively.
The total volume of trades advanced by 67.2% to 689.98 million units, valued at NGN7.16 billion, and exchanged in 9,635 deals. ELLAHLAKES was the most traded stock by volume at 271.49 million units, while GTCO was the most traded stock by value at NGN1.94 billion.
Across the sectors, the Oil & Gas (+1.5%), Banking (+0.3%) and Insurance (+0.2%) indices posted gains, while the Industrial Goods index closed flat. The Consumer Goods (-0.3%) index was the sole loser for the day.
As measured by market breadth, market sentiment was mixed (1.0x), as 23 tickers lost relative to 22 gainers. PZ (-10.0%) and CWG (-9.8%) recorded the highest losses of the day, while VERITASKAP (+9.6%) and DAARCOMM (+8.3%) topped the gainers’ list.
