Tuesday, October 7, 2025
23.3 C
Lagos

Sustained Sell-offs Drag Equities Market… ASI Down 56bps

The downward trend in the equities market continued following price depreciation in GUARANTY (-1.0%), DANGCEM (-0.3%) and UBN (-3.7%).

Consequently, ASI dipped 56bps to 28,043.32 points while YTD loss worsened to -10.8%. Similarly investors lost N77.0bn, pulling down market capitalisation to N13.67tn. Activity level improved as volume and value traded rose by 12.5% and 116.0% to 243.7m units and N3.9bn respectively.

The top traded stocks by volume were GUARANTY (77.5m units), FBNH (29.5m units) and UBA (13.6m units) while the leading stocks by value were GUARANTY (N2.3bn), DANGCEM (N317.5m) and ZENITH (N247.4m).

Bearish Sector Performance 
Sector performance remained largely bearish as 5 of 6 indices under our coverage closed negative. The Insurance index topped the decliners, reversing yesterday’s gain with a loss of 1.5% on the back of sell pressures in MANSARD (-8.3%).

The Banking index trailed closely, retreating by 1.4% following price depreciation in GUARANTY (1.0%), UBN (-3.7%) and ACCESS (-3.1%). In like manner, the Consumer and Industrial Goods indices closed in the red, dipping 0.8% and 0.7% respectively following losses in UNILEVER (-3.0%), NESTLE (-0.4%), HONEYFLOU(-7.1%), WAPCO (-2.6%) and DANGCEM (-0.3%).

The bearish performance also extended to the Oil & Gas index, which declined by 0.1% as investors exited position in FORTE (-0.8%) and TOTAL (-0.1%). Conversely, the AFRI-ICT index closed flat.

Investor Sentiment Remains Flat
Investor sentiment as measured by market breadth (advance/decline ratio) remained flat at 0.3x due to 8 advancers against 26 laggers. AGLEVENT (+10.0%), CHAMS (+8.0%) and MBENEFIT (+5.0%) led the top advancers while JBERGER (-9.8%), NAHCO (-9.6%) and UNITYBNK (-9.2%) led the laggards. We expect the bearish performance to continue until we start seeing H1:2019 earnings results.

spot_img
spot_img
spot_img

Hot this week

Ecobank Nigeria Launches Upgraded Mobile App for Faster, Smarter Banking Experience

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

Ortom, NOA DG, Others to Feature as Panelists at GOCOP 2025 Conference

The Guild of Corporate Online Publishers (GOCOP) has announced...

AIICO Celebrates Retiring Employees: Honouring Decades of Service with Gratitude

Left - right: Adeleke Adeshina (rtd), Lanre Oladehinde (rtd.),...

Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

It is a sobering reality that one South African...

Topics

CRC Credit Bureau Unveils Data Submission API

CRC Credit Bureau has launched its Data Submission Application...

COVID-19: Interswitch Group, Employees Raise N305m Response Fund

                                                                                                          In a unique employee-led effort, Interswitch Group,...

9mobile Secures $230m from AFC for Expansion

9mobile Nigeria has secured $230 million from the Africa...

Linkage Assurance: How New Brand Identity Will Drive Market Leadership

L-R: Humphrey Ozegbe, Head, Human Capital; Okanlawon Adelagun, Executive...

Ekiti State Residents Benefit from Fidelity Food Bank Programme

L-R: Church Administrator, St. Patrick Catholic Church, Ado-Ekiti, Reverend...

‘Stanbic IBTC Pension Managers Did Not Defy Pencom’s Directive on Gifts’

Our attention has been drawn to publications by some...

CBN Reassures Public on Banking Sector Stability

The attention of the Central Bank of Nigeria (CBN)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img