At the close of the market today, the Equity Market ended trading session with an aggregate of 28,102.14 to capture a loss of 0.95% (compared to 28,370.32 and 0.95% loss recorded yesterday).
Diagnosis: Today’s All Share Index’s loss of 0.95% was as a result of bearish market sentiments in Consumer Goods, Oil & Gas, Industrial and Insurance stocks. Large-cap stocks like NB, NESTLE, WAPCO, GUARANTY, ZENITH lent considerable support to the index’s loss. Furthermore, equity investors recorded losses in Conglomerates, Non-financial Services and Health Care stocks.
The market breadth (No of Gainers/No of Losers) deteriorated to 0.54x as bargain hunting activities snatched defeat from the jaws of bearish market activities: 15 Gainers were recorded against 28 Losers on the trading chart.
The top 5 Gainers were TOTAL (+1.49), ETI (+0.84), CCNN (+0.30), ACCESS (+0.10) and SEPLAT (+0.10). The top 5 Losers were NESTLE (-10.00), MOBIL (-8.00), NB (-6.46), STANBIC (-1.53) and GLAXOSMITH (-1.39).
5 most actively traded stocks were GUARANTY, ZENITH, FBNH, UBA and ACCESS.
In terms of VOLUME, CUSTODYINS, GUARANTY, UBA, ACCESS and ZENITH.
ACCESS, ETI, FIDELITY and UBA led the Banking index to a gain of 0.33%.
GUINNESS, NB, HONEYWELL, CADBURY, NESTLE and PZ led the Consumer Goods index to a loss of 2.63%.
OANDO, ETERNA and MOBIL led the Oil & Gas index to a loss of 0.35%.
WAPCO led the Industrial Goods index to a loss of 0.30%.
CUSTODYINS, MANSARD and NIGERINS led the Insurance index to a loss of 0.06%.