Mixed Outcome As The NGX ASI Stay Flat At 0.00%

The Nigerian stock exchange experienced rather mixed trading as gains from MTN (+0.25%) and FLOURMILL (+4.93%) were neutralized by negative performances from GUINNESS (-2.33%), ACCESS (-0.48%), and a few others to close slightly bullish.

Hence, the all-share index stayed neutral at 0.00% to close at 47,064.82 bps, which represents a dip of 1.54 bps from the previous session figure of 47,066.77 bps.

Looking at the broader picture, the ASI dipped by 264.98 bps from its 52-week All-Time-High of 47,329.80 bps.

The Week-to-Date (W-t-D) declined by -0.29%, while the Month-to-Date (M-t-D) and Year-to-Date (Y-t-D) indicators, however, stayed moderated at +0.95% and +10.18%.

However, with the ASI position staying slightly bullish, the trade still fell by 18.88%, to close at 274.21 million units traded in 5,331 transactions, compared to the previous session's figure of 388.03 million units traded. The value of shares also fell by 32.74% to close at NGN3.82 billion, compared to the previous session's figure of NGN5.68 billion traded.

However, the equity market gained NGN84.21 billion as its cap closed at NGN25,361.54 trillion when compared to the previous session position of NGN25,360.70 trillion.

ACCESS was the most active stock by volume, with 55.4 million unit of shares worth NGN576.5 million, while GUINNESS was the most active stock by value, with NGN1.2 billion achieved in 16.7 million units traded.

MTNN, with shares valued at NGN350.8 million, and JAPAULGOLD, with 14 million units traded, were also notable.

When broken down by sector, the Oil & Gas (+0.3%), Insurance (+1.5%), and Consumer Goods (+0.1%) indices gained, while the Banking (-1.0%) index fell. However, the industrial goods index closed flat.

As measured by market breadth, the mood in the market was a little more positive than negative. 27 stocks rose, while 20 stocks fell.

The most gains were made by LEARNAFRCA (+9.70%), which closed trading at NGN1.81/unit, MORISON (+9.55%), which closed trading at NGN2.18/unit, RTBRISCOE (+9.52%), which closed trading at NGN0.46/unit, and VERITASKAP (+9.52%), which closed trading at NGN0.23/unit, while BERGER (-9.58%), which closed trading at NGN7.55/unit, CHIPPLC (-4.62%), which closed trading at NGN0.62/unit, JAIZBANK (-4.29%), which closed trading at NGN0.67/unit, and INTBREW (-2.86%), which closed trading at NGN5.10/unit, suffered the most losses.