The All Share Index (ASI) snapped a six-day gaining streak to ease by 10bps to 25,304.25 points on Thursday as investors took profit on DANGCEM (-0.59%), ACCESS(-2.34%), and ZENITH (-0.59%).
Consequently, YTD moderated to -5.73%, while WTD, MTD and QTD declined to +0.33%, +2.47%, and +3.37% respectively.
Investors lost N13.48 billion as market capitalization declined to N13.20 trillion. Volume traded rose 39.04% and a total of 251.3 million units of equities were traded in 2,954 deals worth N1.579 billion.
The top active stocks were UACN (111.87 million units), UBA (24.96 million units), FBNH (20.90 million units), ACCESS (13.93 million units) and TRANSCORP (7.91 million units).
By value, the top stocks were UACN (N643.19 million), UBA (N159.48 million), ZENITH (N125.73 million), FBNH (N104.54 million) and GUARANTY(N96.99 million).
Investors’ sentiment weakened on Thursday with market breadth declining to 0.58X compared to 3X in the previous day?s trading session on the back of the 11 stocks advancing against 19 laggards.
Top gainers in the day were MAYBAKER (+9.89%), UPL (+9.40%), MANSARD (+6.36%), JAIZBANK (+5.00%) and NB (+2.78%). On the other hand, the biggest decliners were CHIPLC (-8.11%), FIDSON (-7.25%), LASACO (-6.06%), LIVESTOCK (-4.76%) and CHAMS(-4.55%).
2 out of 5 sector indices under our coverage closed in the green. The Insurance Index gained 64bps and Consumer Goods Index advanced by 52bps. Oil and Gas Index remained flat, while Industrial Goods Index and Banking Index shed 37bps and 33bps respectively.
(PFI Capital Limited)
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
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