The market closed weaker in today’s session, with the NGX ASI and market capitalisation down 0.09%.
Trading activity strengthened despite the decline, as transaction volume and value rose by 14.95% and 30.29%, respectively. NSLTECH (-2.27%) dominated the transaction volume chart with 71.44mn units traded, while ARADEL led the value terms with trades worth N8.79bn.
Market breadth closed positive at 1.55x, reflecting more advancers than decliners. REGALINS (+9.93%) led the thirty-one (31) gainers, while MBENEFIT (-7.80%) topped the twenty (20) laggards, with the rest of the stocks closing flat.
NGX Summary
The Nigerian equities market halted its four-week losing streak, as the NGX All-Share Index (ASI) advanced 1.13% w/w, to close 140,545.69 points. Consequently, the year-to-date return improved to 36.55% from 35.03% recorded in the previous week. Market capitalisation also appreciated by N985.24bn w/w (+1.12% w/w), settling at N88.92trn.
The market rebound was driven by bargain hunting in select industrial and banking counters, notably, WAPCO (+13.27% w/w), ZENITHBANK (+4.78% w/w), UBA (+4.17% w/w) and ACCESSCORP (+3.47% w/w), which offset profit-taking in DANGCEM (-1.73% w/w), TRANSCORP (-7.24% w/w), STANBIC (-1.95% w/w), and FIRSTHOLDCO (-2.17% w/w).
Sectoral performance was overall positive, led by the Insurance Index (+2.45% w/w) and Oil & Gas Index (+2.38% w/w). The Banking (1.68% w/w), Industrial (1.13% w/w), and Consumer Goods (0.98% w/w) indices also posted gains, reflecting the broad-based investor interest across sectors.
NASD Summary
The NASD OTC Securities Index (NSI) and market capitalisation rose by 0.23% w/w, closing at 3,573.54 points and N2.14trn, respectively.
The market closed lower today, declining by 0.52%. However, market activity improved significantly, as transaction volume surged by 1,592.43% while value of trades advanced by 8.31%.
SDFCWAMCO (-1.76%) topped the market laggards with no advancers recorded in today’s session.
