Business

Lull persists at NGX as ASI dips by 0.4%

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3 months ago

Equities investors earn N343bn as ASI adds 0.6%, Equities investors lose N58.9bn as sell-offs activities dip ASI by 0.1%, Equities market opens week bullish as investors earn N37.7bn, Equities investors earn N507.3bn as NGX ASI adds 80bps, Equities market reverses bulls as investors lose N185bn, Bulls persist at NGX as equities investors earn N332.2bn, Equities market posts 0.97% appreciation as Dangote Cement cancels 166.95k shares, Equities investors lose N345bn as bears persists at NGX, Equities market opens weeks negative with 0.2% decline in ASI, Lull persists at NGX as ASI dips by 0.4%, NGX market capitalisation dips further as three companies delist shares

At the close of trading on Tuesday, the local bourse ended in decline, as the All-Share Index dropped by 0.40 percent to 105,375.69 basis points, bringing the year-to-date return to 2.38 percent.

Market capitalisation also fell by 0.40 percent to ₦66.08 trillion, reflecting a ₦265.5 billion loss in equities by the session’s close. Consequently, the Month-to-Date and Year-to-Date returns settled at -2.3 percent and +2.4 percent, respectively.

Despite the overall market downturn, investor sentiment remained positive, as indicated by strong market breadth, with 28 stocks advancing against 22 decliners.

Leading the gainers were Neimeth International Pharmaceuticals, Northern Nigerian Flour Mills, Custodian and Allied Insurance, Sunu Assurance Nigeria, and Guinea Insurance, while BUA Cement, Ellah Lakes, Regal Insurance, Omatek Ventures, and NEM Insurance topped the list of losers.

Sectoral performance was mixed. The Insurance and Consumer Goods sectors posted gains of 0.15 percent and 0.17 percent, respectively, while the Banking, Oil & Gas, and Industrial Goods sectors recorded losses of 0.74 percent, 0.06 percent, and 3.39 percent, respectively. Meanwhile, the Commodity Index remained unchanged at 0 percent.

Trading activity was subdued, with the total transaction volume and the number of deals declining by 26.71 percent and 16.94 percent, respectively. However, transaction value rose by 16.62 percent, with 11,230 transactions recorded, amounting to ₦8.22 billion in value and 349.98 million units traded.

Access Holdings was the most traded stock by volume at 36.76 million units, while Zenith Bank was the most traded stock by value at ₦929.98 million.

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