Bears re-emerged in the domestic stock market as profit-taking activities at MTN Nigeria Communications, Dangote Sugar and Nascon Allied Industries caused the All-Share Index (ASI) to fall 0.1 per cent to 102,788.20 points as these large-cap stocks fell. in value by 0.8 percent, 6.5 percent and 5.1 percent, respectively. As a result, year-to-date returns recorded -0.1 percent.
Measured by market breadth, market sentiment was mixed as 27 tickers gained compared to 26 losers. On the results board, Morison and C&I Leasing posted the most significant losses of the day after their respective share prices fell 10 percent and 9.9 percent, while SCOA and Daar Communication led the gainers after that their share prices appreciated by 9.8 percent and 9.1 percent. respectively.
Sectoral performance was mixed, as the insurance, consumer goods and oil and gas indices declined 1.2 percent, 0.8 percent and 0.4 percent, respectively, while the banking index advanced . The Industrial Goods index closed flat.
The total volume traded decreased by 3.1 percent to 382.65 million units, valued at N22.5 billion, and was exchanged in 11,933 transactions. Guaranty Trust Holding Company was the most traded stock by volume with 42.14 million units, while Seplat Energy was the most traded stock by value with N7.92 billion.
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