At the close of the market today, the Equity Market ended trading session with an aggregate of 26,871.24 to capture a loss of 0.17% (compared to 26,918.22 and 0.71% gain recorded yesterday).
Diagnosis: Today’s All Share Index’s loss of 0.17% was as a result of bearish market sentiments in the Consumer Goods, Banking and Industrial stocks. Losses in Blue-chip stocks like NB, PZ, DANGCEM and GUINNESS, and Banking stocks like Guaranty and ETI contributed significantly to the drag on the All Share Index.
Furthermore, equity investors executed a number of profitable long positions in Consumer Goods, Banking, Conglomerate, Agriculture, Industrial, Oil & Gas and HealthCare stocks.
The market breadth (No of Gainers/No of Losers) significantly improved compared to yesterday (1.57x vs 1.05x) as bullish activities dominated bearish activities: 22 Gainers were recorded against 14 Losers on the trading chart.
The top 5 Gainers were FO (+13.65), MOBIL (+12.80), NESTLE (+10.00), WAPCO (+2.80) and FLOURMILL (+0.75). The top 5 Losers were NB (-6.08), PZ (-1.41), DANGCEM (-0.70), GUINNESS (-0.50) and ETI (-0.21).
5 most actively traded stocks were STERLING, GUARANTY, ZENITH, FBNH and NB
In terms of VOLUME, FBNH, ZENITH, GUARANTY, HMARKINS and STERLING topped the list of equities on the trading chart.
ETERNA, FORTE and MOBIL led the Oil & Gas index to a gain of 3.30%.
WAPCO and CUTIX led the Industrial index to a gain of 1.11%.
The Insurance index posted a zero-sum profit of 0%.
GUINNESS, NB and PZ led the Consumer Goods index to a loss of 1.76%.
ETI, GUARANTY, STERLING, UBA and UNION BANK led the Banking index to a loss of 0.35%.