Profit-taking Stretched to 4th Straight Days, Erodes 1.27% from Market Capitalization

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The local bourse today (Thursday) closed for the fourth straight session on a negative note, as more investors took profit worth N232.07 billion from the equity market capitalization. Consequently, market breadth closed negatively, recording  40 losers as against 6 gainers.

In summary, the All-Share Index (ASI) shed 440 absolute points, representing a decline of 1.27% to close at 35,557.26 points. Similarly, the overall Market Capitalization value also declined by N232.07 billion, representing a contraction of 1.27% to close at N18.072 trillion.

Profit-taking Stretched to Fourth Straight Days, Erodes 1.27% from Market Capitalization

OKOMUOIL emerged top of the gainers’ chart for today, with a maximum price appreciation of +10.00%, while UPL, WAPCO, and FBNH emerged joint top-losers with maximum price depreciation of -10.00%.

Today’s downtrend was also driven by price depreciation in medium and large capitalized stocks amongst which are; GUINNESS (-9.83%), FIDELITYBK (-9.80%), VITAFOAM (-9.29%), DANGSUGAR (-6.88%), ACCESS (-6.63%), OANDO (-6.44%) and ZENITHBANK (-6.18%).

MARKET STATISTICS

CAP N18,072,164,114,739.39 One Day (ASI CHG) -1.27%
Index 34,577.26 One Week (ASI CHG) -1.12%
Volume 553,949,909.00 One Month (ASI CHG) +5.91%
Value N6,638,553,720.46 Six Months (ASI CHG) +36.94%
Deals 6,441.00 52 Weeks (ASI CHG) +29.59%
Gainers 06 Losers 40
Unchanged 48 Total 94
YTD Returns +28.82%
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Source: NSEGTI Research

Sector Performance

Sector %    Change
NSE30 -0.37
BANKING -4.14
CONSUMER GOODS -2.91
INDUSTRIAL -0.74
INSURANCE -3.72
LOTUS ISLAMIC -0.56
OIL/GAS -0.68
Read Also:  EQUITIES MARKET: Market Capitalization Adds N1.15 billion amid Renewed Bargain Hunting

 

Top 7 Traders By Volume

Security Volume Value (₦)  Closing Price (₦)
GUARANTY   87,016,739.00   2,826,013,594.25 32.35
ZENITHBANK   65,042,096.00   1,456,430,963.00 22
TRANSCORP   52,478,484.00        46,081,709.52 0.86
REGALINS   46,606,167.00           9,789,681.32 0.21
FBNH   43,154,084.00      280,178,852.45 6.3
FIDELITYBK   34,463,805.00        81,759,077.93 2.3
UBA   31,017,371.00      242,954,988.45 7.9

 

Top 7 Traders By Value

Security Volume Value (₦)  Closing Price (₦)
GUARANTY   87,016,739.00   2,826,013,594.25 32.35
ZENITHBANK   65,042,096.00   1,456,430,963.00 22
MTNN     2,607,836.00      404,965,573.40 155
FBNH   43,154,084.00      280,178,852.45 6.3
UBA   31,017,371.00      242,954,988.45 7.9
ACCESS   27,643,349.00      216,827,724.30 7.75
NESTLE        129,406.00      181,352,658.50 1400

 

NASD-OTC MARKET

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Trading activities on the NASD-OTC counter today (Thursday) closed on a positive note, as the Unlisted Securities Index (USI) and the Market Capitalization Value both rose by 0.41% from yesterday’s position to settle at 724.35 absolute points and N538.41 billion respectively.

Read Also:  Equity Market: Profit Taking Dominates Market Activity

However, the Volume and Value of total transactions for today fell by 79.02% and 80.55% compared to yesterday’s position to print at 598,264 points and N10.698 million respectively.

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Profit-taking Stretched to 4th Straight Days, Erodes 1.27% from Market Capitalization - Brand SpurProfit-taking Stretched to 4th Straight Days, Erodes 1.27% from Market Capitalization - Brand Spur

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