Thursday, October 30, 2025
24 C
Lagos

Local Bourse Extends Losses to Fourth Consecutive Session… NSE ASI Down 99bps

Following 3 days of negative performance, the local bourse yet again extended losses to the 4th consecutive session as the All Share Index fell 99bps to close at 43,529.06 points while YTD return moderated to 13.8%.

Consequently, investors lost N155.7bn as market capitalisation fell to N15.6tn. Sell pressures across board especially in banking stocks –GUARANTY (-2.0%), STANBIC (-5.0%) and DIAMOND (-9.3%) continued to weigh on performance. However, activity level was mixed as volume traded declined 6.6% to 500.9m units while value traded rose 28.0% to settle at N6.6bn respectively.

Mixed Sector Performance
Sector Performance was mixed today as 2 of 5 indices closed in the red, 2 trended northwards and the other flat. The Industrial Goods index led laggards, down 2.0% following losses in DANGCEM (-3.3%). Likewise, the Banking index shed 0.4% consequent on price depreciation in GUARANTY (-2.0%), DIAMOND (-9.3%) and ETI (-1.5%).

On the other hand, the Consumer Goods index emerged the top gainer closing the day 0.7% higher, as DANGSUGAR (+10.2) and NESTLE (+1.7%) buoyed performance. The Oil & Gas index also appreciated, up 0.3% following a rally in SEPLAT (+1.1%). The Insurance index closed the day flat.

Investor Sentiment Strengthens
Investor sentiment- measured by market breadth (advance/ decline ratio) improved to 0.7x from 0.3x recorded yesterday consequent on 21 stocks advancing against 30 decliners.

Today’s best performing stocks were DANGSUGAR (+10.2%), AFRIPRUD (+4.2%) and UBA (+4.1%) while the worst performers were GLAXOSMITH (-9.7%), CAVERTON (-9.4%) and DIAMOND (-9.2%). We expect a negative close to the week following 4 consecutive days of losses as investors continue to lock in profits.

Market Statistics: Thursday, 25th January 2018

Market Cap (N’bn)                15,603.9
Market Cap (US$’bn)                   51.0
NSE All-Share Index              43,529.06
Daily Performance % (1.0)
Week Performance % (2.9)
YTD Performance %                  13.8
Daily Volume (Million)                  500.8
Daily Value (N’bn)                      6.6
Daily Value (US$’m)        21.7

 

spot_img
spot_img
spot_img

Hot this week

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

OPay – From Payment Platform to Lifestyle Ecosystem

By Moses Braimah Out of curiosity, I decided to spend...

Dangote and the Nigeria Refinery Revolution

  Beyond the Monopoly Myths By Moses Braimah When the Dangote...

Anambra Tops 2025 State of States Fiscal Performance Ranking

BudgIT, Nigeria’s leading civic-tech organisation promoting fiscal transparency and...

Topics

Union Bank Delists from NGX as Titan Trust Completes Takeover

In May, 2023, Union Bank received an offer from...

Nigeria Re-Elected as ITU Council Member

Professor Umar Garba Danbatta, Executive Vice-Chairman and Chief Executive...

N32M Won by 12 Nigerian Youths at Stanbic IBTC Pension Managers’ 2023 FUZE Festival

Stanbic IBTC Pension Managers, once again, successfully hosted the...

Senator Teslim Folarin Lauds NCDMB as 500 Youths Graduate from Solar Power Programme

Senator Teslim Kolawole Folarin, the former Chairman of the...

Access Bank Hits over N1bn in Digital Lending Daily

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and...

NCC, NAICOM, PenCom, SEC, NEM, Dangote, Stanbic IBTC, STI for Business Journal 15th Anniversary Lecture

The Business Journal 15th Anniversary Lecture/Awards scheduled for Friday,...

Qatar Airways to Launch Longest Flight in History

Qatar Airways may be about to launch the longest...
spot_img

Related Articles

Popular Categories

spot_imgspot_img