Nigerian stock market on Friday ended trading session bearish, despite MTN posting marginal gains of 0.82%.
The losses were majorly attributable to profit taking, as riskier assets in Nigeria are losing their appeal because investors are running to save in foreign currency in a bid to hedge against Naira devaluation.
NewsBeatng reports that the All-share Index (ASI) lost 0.35% from 49,546.38 basis points to close at 49,370.62 basis point.
Similarly, the market capitalization also lost 0.35% to close at N26.63 trillion. Year-to-Date (YtD), the NGX was still one of the top performing markets in the world as it has gained 15.58% so far.
This medium can authoritatively report that market breadth closed negative as JAIZBANK led 14 gainers while 15 Losers were topped by UPL at the end of today’s session. On a sectoral level, 3 of the 5 major indices of the Nigerian Exchange closed positive.
NGX Banking, Consumer Goods and Insurance indexes gained 0.23%, 0.06% and 0.13% respectively. NGX Industrial and Oil & Gas indexes lost 0.32% and 0.15% respectively.
Market Indices
NGX ASI: 49,370.62 points
Previous ASI: 49,546.38 points%
Day Change: -0.35%% Y-t-D: 15.58%
Market Cap (N): 26.63 trillion
Volume: 132,232,997
Value (N): 1.63 billion
Deals: 3,045
NGX Top ASI gainers
JAIZBANK up +5.95% to close at N0.89
AIICO up +3.64% to close at N0.57
ACADEMY up +1.96% to close at N2.08
DANGSUGAR up +1.88% to close at N16.30
UPDCREIT up +1.56% to close at N3.25
NGX Top ASI losers
UPL down – 9.95% to close at N1.72
IMG down – 9.70% to close at N7.45
JAPAULGOLD down – 9.38% to close at N0.29
HONYFLOUR down – 8.33% to close at N2.42
CHAMS down – 7.41% to close at N0.25
Top 3 by Volume
FBNH – 37,766,388
ACCESSCORP – 15,364,265
UBA – 9,278,361
Top 3 by Value
FBNH – N418,666,335.05
GTCO – N181,194,706.00
ZENITHBANK – N155,057,045.00
