The bears resurfaced in the domestic equities market as profit-taking activities in MTN Nigeria Communications, Dangote Sugar, and Nascon Allied Industries triggered a 0.1 percent decline in the All-Share Index (ASI) to 102,788.20 basis points as these high-cap stocks declined in value by 0.8 percent, 6.5 percent, and 5.1 percent, respectively. As a result, Year-to-Date returns printed -0.1 percent.
As measured by market breadth, market sentiment was mixed, as 27 tickers gained relative to 26 losers. On the performance board, Morison and C&I Leasing recorded the most significant losses of the day after their respective share prices dipped by 10 percent and 9.9 percent, while SCOA and Daar Communication led the gainers after their share prices appreciated by 9.8 percent and 9.1 percent, respectively.
Sectoral performance was mixed, as the Insurance, Consumer Goods, and Oil & Gas indices declined by 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 N22.50 billion, and exchanged in 11,933 deals. Guaranty Trust Holding Company was the most traded stock by volume at 42.14 million units, while Seplat Energy was the most traded stock by value at N7.92 billion.
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