The Nigerian Exchange (NGX) closed last week on a bearish note, as profit-taking activities dragged the All-Share Index (ASI) lower by 0.50%, extending the market’s losing streak.
The ASI dropped to 140,295.49 points, down from 141,004.14 in the previous week, while market capitalization fell by ₦440 billion or 0.49% to close at ₦88.769 trillion, compared to ₦89.209 trillion previously. The year-to-date return now stands at 36.31%.
Investors traded 3.2 billion shares valued at ₦85.5 billion across 142,654 deals during the week.
Sectoral Performance
Market performance was largely negative across sectors, except for NGX AFR Div Yield, which gained 0.94%, while the NGX ASeM index closed flat. Other sectors recorded declines:
Banking Index: -1.21%
Insurance Index: -1.02%
Consumer Goods Index: -0.89%
Industrial Goods Index: -0.36%
Market breadth also ended negative, with 32 gainers against 57 losers.
Top 10 Gainers
McNichols led the chart, rising 18.75% to close at ₦3.80 from ₦3.20.
NEM Insurance: +17.29%
Berger Paints: +15.31%
WAPIC: +12.77%
Learn Africa: +11.43%
Others include NCR (10.00%), SFS REIT (9.99%), Julius Berger (9.93%), SCOA (9.09%), and Beta Glass (8.16%).
Top 10 Losers
Secure Electronic Technology was the biggest loser, plunging 22.73% to ₦0.85 from ₦1.10.
Guinea Insurance: -19.77%
LASACO: -13.29%
University Press: -12.06%
Mutual Benefits: -11.36%
Others include Royal Exchange (-11.11%), John Holt (-10.00%), Cornerstone Insurance (-10.00%), DAAR Communications (-9.92%), and ABC Transport (-9.80%).
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