Nigerian Exchange Extends Losses as Investors Exit Positions
The Nigerian Exchange (NGX) sustained its bearish trajectory, with the All-Share Index (ASI) falling by 0.45% to close at 138,780.55 points, reducing the year-to-date return to 34.23%.
Total market capitalization contracted by ₦394.45 billion to ₦87.42 trillion on the back of subdued investors’ sentiment – 14 stocks advanced compared to 43 decliners.
The market negative close was driven by persistent sell-offs in medium and high-cap stocks such as LEGENDINT, PZ, UBA, and others across key sectors.
The decline was further fuelled by investors’ safe-haven repositioning into alternative asset classes, particularly commercial papers and FGN savings bonds amid heightened risk aversion.
This marks the sixth consecutive session of losses, eroding approximately ₦2.27 trillion in investors’ wealth within the period.
Trading data highlighted that market activities were mixed today as the total volume of all trades consummated increased by +19.34%, while the total value dropped by -50.52%.
In a note, Atlass Portfolio Limited told investors that approximately 482.76 million units valued at ₦19,672.82 million were transacted across 28,193 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 8.92% of the total volume of all trades executed in the market, followed by FIDELITYBK (8.32%), GTCO (7.22%), UBA (6.93%), and AIICO (6.03%), rounding out the top five.
Ticker: ARADEL emerged as the most traded stock in value terms, accounting for 32.84% of the total value of all trades consummated on the exchange.
NSLTECH topped the advancers’ chart with a price appreciation of 9.09 percent, trailed by CONHALLPLC (+8.53%), JOHNHOLT (+7.94%), CADBURY (+5.45%), WEMBANK (+5.31%), FCMB (+5.00%) and eight others.
Forty three stocks depreciated, according to data obtained from the Nigerian bourse. LEARNAFRCA, LEGENDINT, and DAARCOMM were the top losers, with a price depreciation of -10.00% each.
Other decliners include UNIVINSURE (-9.60%), CAP (-7.41%), HMCALL (-5.84%), INTBREW (-5.08%), and VFDGROUP (-3.70%). Given the trading session, the market breadth closed negative, recording 14 gainers and 44 losers.
Sectoral performance was largely negative, with declines recorded in Banking (-0.55%), Insurance (-4.46%), Consumer Goods (-1.32%), Oil & Gas (-0.44%), and Commodity (-0.08%) sectors.
However, the Industrial sector posted a modest gain of 0.23%. Trading activity presented a mixed picture as the number of deals dropped by 9.43% to 28,193, trading value plummeted by 50.52% to ₦19.67 billion, while trading volume increased significantly by 19.34% to 482.76 million units. #Nigerian Exchange Extends Losses as Investors Exit Positions#
