Trading for the week ended on a negative note following sell-off pressure on the shares of PRESCO (-10.00%) and SEPLAT (-0.24%). Thus, the all-share-index fell by -0.11% to close at 47,279.92 bps.
As a result, the ASI drifted away by 49.88bps from the 52-week All-Time-High of 47,111.21 bps.
Unfortunately, the decline in the volume of trade continued from the previous session trading as it decreased by 34.9% to 225.7 million units, which were traded in 4,093 transactions, compared to the previous session's figure of 346.70 million units traded, while the value of shares fell by 36.84%, to close at NGN2.4 billion, as against the NGN3.8 billion traded previously.
As a result, the equity market lost NGN26.88 billion as its cap closed at NGN25,477.44 trillion when compared to the previous session position of NGN25,504.32 trillion.
The most active stock by volume was FIDELITYBNK (-0.70%), as it generated NGN71.2 million in revenue from 24.9 million units of shares traded, while the most active stock by value was SEPLAT (-0.24%), as it generated NGN569.5 billion in revenue from 645.7 thousand units of shares traded.
GTCO, with 12.5 million units valued at NGN341.7 million, and ZENITHBANK, with 6 million units valued at NGN157.8 million traded, were also notable.
As measured by market breadth, market sentiment was negative as 23 companies’ stocks lost relative to 18 stocks that gained.
The most gains were made by SCOA (+9.65%), which closed trading at NGN1.25/unit, LIVINGTRUST (+8.77%), which closed trading at NGN1.24/unit, JAIZBANK (+5.97%), which closed trading at NGN0.71/unit, and CHAMPION (+4.76%), which closed trading at NGN2.20/unit, while PRESCO (-10.00%), which closed trading at NGN94.50/unit, NEM (-9.76%), which closed trading at NGN3.33/unit, INTBREW (-9.40%), which closed trading at NGN5.30/unit, and UPL (-5.66%), which closed trading at NGN2.50/unit, suffered the most losses.
|UNION BANK NIG.PLC||7.90||7.20||-8.86|
|FLOUR MILLS NIG. PLC||34.55||33.10||-4.20|
|JAPAUL OIL & MARITIME SERVICES PLC||0.62||0.60||-3.23|
|PRESTIGE ASSURANCE PLC||0.41||0.40||-2.44|
|COURTEVILLE BUSINESS SOLUTIONS PLC||0.48||0.47||-2.08|