At the close of the market today, the Equity Market ended trading session with an aggregate of 26,537.36 to capture a loss of 1.54% (compared to 26,953.05 and 0.02% gain recorded yesterday).
Diagnosis: Today’s All Share Index’s loss of 1.54% was as a result of strong negative market sentiments in the Non-financial services, Industrial, Banking, Insurance, Consumer Goods and Conglomerate stocks.
The market breadth (No of Gainers/No of Losers) closed negative compared to yesterday (0.69x vs. 2.42x) as pessimistic activities dominated bargain hunting activities: 20 Gainers were recorded against 29 Losers on the trading chart.
The top 5 Gainers were JBERGER (+1.98), INTBREW (+0.48), OANDO (+0.27), HONYFLOUR (+0.17) and CCNN (+0.15). The top 5 Losers were TOTAL (-7.20), DANGCEM (-5.04), NB (-2.80), UACN (-1.43) and OKOMUOIL (-1.13).
5 most actively traded stocks were ZENITH, FBNH, GUARANTY, NB and UBA .
In terms of VOLUME, STERLING, PZ, UBA, TIGERBRANDS and ZENITH topped the list of equities on the trading chart.
OANDO and ETERNA led the Oil & Gas index to a gain of 0.13%.
DANGCEM and WAPCO led the Industrial index to a loss of 1.78%.
CHAMPION, CADBURY, FLOURMILL, DANGSUGAR, NB and PZ led the Consumer Goods index to a loss of 1.21%.
ACCESS, DIAMOND, GUARANTY, STERLING and UBA led the Banking index to a loss of 1.08%.
CONTINSURE, LAWUNION and MANSARD led the Insurance index to a loss of 0.20%.