The Nigerian equities closed negative on Thursday as sustained sell pressures dragged the benchmark index lower.
The All-Share Index (ASI) declined by 0.87% to settle at 140,332.44 points, compared to 141,562.94 points recorded in the previous session.
Market capitalization closed at ₦88.78 trillion, while investors exchanged 573.75 million units of shares in 25,881 deals, valued at ₦12.88 billion.
Market Summary
-
ASI: 140,332.44 points
-
Deals: 25,881
-
Volume: 573,749,611
-
Value: ₦12,876,664,636.57
-
Equity Cap: ₦88,783,905,170,935.20
-
Bond Cap: ₦50,958,389,518,936.00
-
ETF Cap: ₦38,504,233,801.52
Top Gainers
Market breadth closed negative, though select stocks posted strong gains.
-
SFSREIT: ₦249.25 → ₦274.15 (+9.99%)
-
JAIZBANK: ₦4.00 → ₦4.39 (+9.75%)
-
NSLTECH: ₦0.96 → ₦1.05 (+9.38%)
-
OMATEK: ₦1.36 → ₦1.44 (+5.88%)
-
FGSUK2033S6: ₦95.00 → ₦99.79 (+5.04%)
Top Losers
Sell-offs in bellwether stocks deepened the market’s decline, with cement heavyweight BUACEMENT leading the laggards.
-
UPL: ₦7.00 → ₦6.30 (-10.00%)
-
THOMASWY: ₦3.70 → ₦3.33 (-10.00%)
-
INTENEGINS: ₦3.60 → ₦3.24 (-10.00%)
-
VERITASKAP: ₦2.00 → ₦1.80 (-10.00%)
-
BUACEMENT: ₦168.60 → ₦151.80 (-9.96%)
Top Trades
Banking and insurance stocks dominated trading activity, with FIDELITYBK leading both volume and value charts.
-
FIDELITYBK: 96,067,692 units (₦1.99bn)
-
VERITASKAP: 36,602,436 units (₦66.17m)
-
UNIVINSURE: 32,932,439 units (₦36.96m)
-
ACCESSCORP: 30,331,754 units (₦819.08m)
-
JAIZBANK: 21,156,167 units (₦92.14m)
Bonds
Activity in the bond segment showed mixed performance, with notable appreciation in select sovereign issues.
-
FGS202770: ₦99.99 → ₦130.00 (+30.01)
-
FGS202646: ₦60.10 → ₦70.00 (+9.90)
-
FGS202677: ₦100.00 → ₦100.00 (0.00)
-
FGS202764: ₦130.00 → ₦130.00 (0.00)
-
FGS202776: ₦57.56 → ₦57.56 (0.00)
ETFs
ETF performance was largely flat, except for gains in VSPBONDETF and VETBANK.
-
VSPBONDETF: ₦215.00 → ₦270.95 (+55.95)
-
VETBANK: ₦15.35 → ₦16.05 (+0.70)
-
VETINDETF: ₦52.50 → ₦52.50 (0.00)
-
VETGOODS: ₦32.50 → ₦32.50 (0.00)
-
MERVALUE: ₦205.00 → ₦205.00 (0.00)
Outlook
The bearish close reflects cautious investor sentiment amid profit-taking in large-cap stocks, particularly in the industrial goods sector. Analysts expect trading in the coming week to remain driven by earnings releases and macroeconomic indicators.
