Monday, September 8, 2025
24.1 C
Lagos

DANGCEM Drags Benchmark Index… NSE ASI Down 1.6%

The local bourse sustained a downtrend at the end of today’s trading session as the All Share Index fell 1.6% to 37,933.70 points while YTD return contracted to 41.2%. Notwithstanding, investors gained N76.9bn in value as market capitalization settled at N13.5tn.

The day’s performance is attributed to sell offs in DANGCEM (-1.7%) as ex-DANGCEM, market performed positively (+2.6%). Activity level was also mixed as volume traded fell 10.7% to 289.3m units while value traded inched 41.4% higher to N6.2bn.

Oil & Gas Index Emerges Lone Gainer 2 days in a Row
Performance across sectors was largely bearish as all indices save the Oil & Gas index closed in the red. The Oil & Gas index rose 3.8% largely on the back of a rally in SEPLAT (+7.7%). On the flip side, the Industrial Goods index led losers, down 3.1% on account of  a dip in DANGCEM (-1.7%).

The Banking and Insurance indices followed closely, falling 1.0% and 0.6% respectively as investors booked profit in ACCESS (-3.8%), UBN (-5.0%),CUSTODYINS (-4.8%) and NEM (-4.8%). In the same vein, the Consumer Goods index was dragged 0.4% lower due to sell offs in FLOURMILL (-9.7%) NIGERIAN BREWERIES (-0.5%) and DANGSUGAR (-0.9%).

Market Breadth Weakens Further
Market breadth (advancers/decliners ratio) – which measures investor sentiment – weakened further to 0.3x from 0.8x recorded yesterday as 10 stocks advanced relative to 30 stocks that declined. The top performers were SEPLAT (+7.7%), CAVERTON (+3.8%) and JBERGER (+3.7%) while FLOURMILL (-9.7%), UBN (-5.0%) and NEM (-4.8%) led laggards.

With the ongoing profit taking in the equity market especially in Banking and Industrial Goods counters, we expect a rebound in market sentiment on the last trading day.

Market Statistics: Thursday, 14th December 201

Market Cap (N’bn)                13,497.3
Market Cap (US$’bn)                   44.1
NSE All-Share Index              37,933.70
Daily Performance % (1.6)
Week Performance % (4.0)
YTD Performance %                  41.2
Daily Volume (Million)                  289.3
Daily Value (N’bn)                      6.2
Daily Value (US$’m)         20.3
spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Stanbic IBTC Rewards More Nigerians with Cash Prizes at Monthly Draws

L-R: Vincent Okereke, Portfolio Manager, Blue Segment, Stanbic IBTC...

NCDMB, Dangote Refinery Inaugurate Joint Committee to Deepen Local Content

The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe presenting...

Leadway Advocates for Public Safety as Nigerians Embrace the New Year

As Nigerians usher in the New Year with celebrations...

World Bank Selects Davis Malpass as 13th President

The World Bank has announced the unanimous selection of...

NSE CEO to Review 2018 Market Performance, Project 2019

The Nigerian Stock Exchange (NSE) is set to hold...

 SEC DG, Lamido Yuguda, Says Reforms Will Rejuvenate Nigerian Economy

President Bola Ahmed Tinubu has been commended for the...

Kerry Leading US Delegation to Nigerian Presidential Inauguration

U.S., Secretary of State, John Kerry will lead the US delegation to the inauguration of Nigerian president-elect Muhammadu Buhari in Abuja this week, the White House has said. Buhari will be sworn in on May 29 after defeating out-going president Goodluck Jonathan in the first Nigerian election that saw the opposition candidate defeat an incumbent.

Modernising African Payment Systems Set for Sept 14

The Modernising African Payment Systems virtual event will take place September 14th at 10:00...
spot_img

Related Articles

Popular Categories

spot_imgspot_img