Investors shed N73 billion in the session that followed Thursday’s trading on the Nigerian Exchange, leaving the week on a cautious, downbeat tone as Nigeria marked Democracy Day. Exchange data showed the decline was modest but broad enough to pull sentiment lower.
Market capitalisation slipped by 0.05%, ending at N156.969 trillion versus N157.042 trillion in the prior session. The All-Share Index also eased, falling by 133.47 points (0.05%) to close at 244,738.74, down from 244,852.21 previously. Year-to-date performance softened to 57.27%.
Market breadth finished unchanged with 32 stocks gaining and 32 ending lower, indicating a balanced number of advancers and decliners even as the overall index moved down.
Losers and gainers
- On the decline list, International Energy Insurance was the weakest, sliding 10% to close at N7.11 per share.
- May and Baker, Triple Gee, Abbey Mortgage Bank, and AXA Mansard also posted declines.
- Among the gainers, Enamelware, Learn Africa, Consolidated Hallmark, and University Press each rose by 10%.
Trading activity
- A total of 1.70 billion shares were traded, worth N52.81 billion, across 49,807 deals.
- In the previous session, 1.23 billion shares valued at N38.84 billion changed hands in 54,193 transactions.
- FCMB led by volume, accounting for 584.87 million shares, or 33.99% of total market turnover.
- Access Corporation led by value, with trades worth N13.95 billion, representing 26.41% of the total market value transacted.
