Market Cap Squeezed by 1.46% as Investors Extends Profit Taking on Lagos Customs Street

59 Views

The local bourse today (Friday) ends the week on a negative note, to extend profit-taking sentiment to two consecutive days with a dip of 1.46% in the ASI and Market Capitalization value. Consequently, the market breadth also closed negatively, recording 34 losers as against 14 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) shed 506.83 absolute points, representing a decline of 1.46% to close at 34,136.82 points. Similarly, the overall Market Capitalization value also fell by N264.83 billion, representing a decline of 1.46% to close at N17.837 trillion.

IKEJAHOTEL, LINKASSURE, and TRIPPLEG, all emerged joint-top-gainers today with a maximum gain of 10%, while NEIMETH lost -9.06% to top the losers’ chart.

Today’s downtrend was further driven by losses in medium and large capitalized stocks amongst which are; ETI (-8.63%), UCAP (-6.37%), MANSARD (-5.58%), STERLNBANK (-5.42%), FBHN (-5.23%), BUACEMENT (-4.55%) and DANGSUGAR (-3.30%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N17,837,516,502,980.67 One Day (ASI CHG) -1.46%
Index 34,136.82 One Week (ASI CHG) -2.57%
Volume 344,902,718.00 One Month (ASI CHG) +19.99%
Value N4,222,000,334.57 Six Months (ASI CHG) +39.61%
Deals 6,565.00 52 Weeks (ASI CHG) +27.49%
Gainers 14 Losers 34
Unchanged 51 Total 99
YTD Returns +27.18%

Source: NSE, GTI Research

 

Sector Performance

Sector %    Change
NSE30 -1.65
BANKING -2.59
CONSUMER GOODS -0.66
INDUSTRIAL -2.42
INSURANCE +1.59
LOTUS ISLAMIC -1.63
OIL/GAS -0.31

 

Top 7 Traders By Volume

Company  Volume Value (₦) Closing Price (₦)
ZENITHBANK   44,327,247.00   1,136,511,021.90 25.6
UBA   41,232,392.00      337,791,612.65 8.2
FBNH   34,330,615.00      255,338,827.30 7.25
ACCESS   29,292,640.00      256,273,283.80 8.6
TRANSCORP   28,766,497.00        29,136,049.42 1
FIDELITYBK   17,058,285.00        44,655,359.48 2.56
MBENEFIT   14,417,332.00           3,476,026.36 0.25

 

Top 7 Traders By Value 

Company  Volume Value (₦) Closing Price (₦)
ZENITHBANK   44,327,247.00   1,136,511,021.90 25.6
MTNN     2,822,913.00      425,800,745.60 153
DANGCEM     1,878,737.00      364,624,512.00 193.2
UBA   41,232,392.00      337,791,612.65 8.2
NESTLE        228,429.00      320,136,366.00 1400
ACCESS   29,292,640.00      256,273,283.80 8.6
FBNH   34,330,615.00      255,338,827.30 7.25

 

NASD OTC MARKET

Trading activities on the NASD OTC counter today (Friday) for the third successive days closed unchanged, leaving the Unlisted Securities Index (USI) and the Market Capitalization value at yesterday’s position of 736.53 absolute points and N547.46 billion.

However, the total Volume and Value of transactions today fell by 99.80% and 73.48% respectively compared to yesterday’s record to print at 25,936 units and N3.669 million in 4 deals.

Click here for more on NASD OTC Price List

You may also like...