In today’s session, Market breadth closed negative at 0.40x, indicating more decliners than gainers. NCR (+9.89%) led the seventeen (17) gainers, while INTENEGINS(-9.79%) led the forty-five (45) losers.
However, market activity was up, with the transaction volume and value higher by 88.07% and 175.51% respectively. ACCESSCORP (-2.38%) led the volume chart with 128.69mn units, while UACN (+2.49%) topped the value chart with N5.18bn worth of trades.
NGX Summary
The Lagos equities market continued its bearish sentiment for the fourth consecutive week, as the NGX All Share Index (ASI) declined by 2.24% to close at 143,722.62 points. Market capitalisation declined by 2.23% to close at N91.41trn. In today’s session, the NGX ASI and market capitalisation declined by 0.32%. This sentiment brought the year-to-date (YTD) return down to 39.64% from 40.09% in the previous session.
The negative sentiment was driven by profit taking in stocks such as NAHCO (-9.78% w/w), UNILEVER (-5.48%), and CWG (-5.31%), outweighing buying interest in NCR (+9.89%), IKEJAHOTEL (+9.74%), and UACD (+2.49%).
Sectoral performance was largely negative with all major indexes closing in the red. The Insurance index (-7.05%w/w) led the decliners, followed by Industrial (-4.50%w/w) followed by banking Index (-3.85%w/w), followed by oil and gas (-1.61%w/w) and consumer goods (-0.44%w/w) . Today, only the banking index closed in the green (+0.28%), while others closed in the red, Insurance (-(2.24%) led the losers, followed by oil and gas (-0.67%), followed by consumer goods (0.16%), and Industrial (-0.01%),
NASD SUMMARY
The NASD market witnessed a rebound from the previous session, as the NASD Securities Index (NSI) and market capitalisation increased by 0.71%, closing at 3,631.52 points and N2.17trn, separately.
Market activity however closed in the red, as the transacting volume and transaction value dipped by 18.04% and 82.59%, respectively.
SDOKITIPUPA (+9.08%) led the two advancers while SDCSCSPLC (-2.50%) was the only decliner in the market.
