In today’s session, the NGX ASI and market capitalisation declined by 0.38% supported by losses in MECURE (-9.97%), MEYER (-9.90%) and DAARCOMM (-9.83%) which offset gains in SOVRENINS (+9.95%), RTBRISCOE (+9.93%), and NGXGROUP (+9.78%).
Trading activity was mixed, with total volume declining by 5.15% and value traded increasing by 10.37%. JAPAULGOLD (+2.39%) led the volume chart with 57.15million shares exchanged, while ARADEL topped the value chart with trades worth N7.14 billion.
However, market breadth closed positive at 1.17x, as 35 advancers outpaced 30 decliners. SOVRENINS (+9.95%) emerged as the top gainer, whereas MECURE (-9.97%) was the top loser in the session.
NGX Summary
The Nigerian Exchange market closed the week in the red as the ASI lost 1.11% w/w to close at 192,826.77 after posting losses in four of five trading sessions. Consequently, the year-to-date return decreased to 23.91% from 25.30% in the previous week.
Losses in MTNN (-2.56% w/w), FIDELITYBK (-2.21% w/w) and BUAFOODS (-6.58% w/w) offset gains in ZENITHBANK (+5.20% w/w), ACCESSCORP (+2.32% w/w), and WEMABANK (+0.75% w/w). Market capitalisation also edged lower by 1.12% w/w to settle at 123.76trn.
NASD Summary
The NASD OTC market closed on a bullish note, extending the gains recorded in the previous session. The NASD Securities Index (NSI) advanced by 1.22% to settle at 4,083.87 points, while market capitalisation increased by the same margin to close at N2.44 trillion.
Trading activity was mixed during the session. Total volume traded increased significantly by 243.03% whereas the value of trades declined by 19.74%.
On the performance table, SDIGIPLC (+10.00%) led the gainers’ chart, and there were no losers recorded in the session
