The Nigerian stock market wrapped up the trading session today with mixed performance, driven by strong activity in banking stocks and notable declines in select equities.
Top Five Traded Stocks by Volume and Value:
Access Holdings Plc (ACCESSCORP): Led the day’s activity with 50,991,541 shares traded, valued at ₦1,376,648,412.35.
FCMB Group Plc (FCMB): Recorded a trading volume of 40,260,378 shares worth ₦471,484,319.05.
Sterling Bank Plc (STERLINGNG): Exchanged 38,902,204 shares valued at ₦232,736,459.80.
Zenith Bank Plc (ZENITHBANK): Traded 33,209,092 shares amounting to ₦1,686,309,941.60.
United Bank for Africa Plc (UBA):Concluded trading with 29,374,200 shares valued at ₦1,094,311,440.70.
Top Decliners:
The market saw sharp declines in some equities, primarily in the oil and hospitality sectors:
MRS Oil Nigeria Plc (MRS): Declined by 10.00%, closing at ₦180.90 from ₦201.00.
Transcorp Hotels Plc (TRANSCOHOT): Dropped by 9.97%, ending at ₦114.65 from ₦127.35.
Eunisell Interlinked Plc (EUNISELL): Fell by 9.95%, closing at ₦11.40 from ₦12.66.
John Holt Plc (JOHNHOLT): Lost 9.64%, closing at ₦7.50 from ₦8.30.
Caverton Offshore Support Group Plc (CAVERTON):* Decreased by 9.40%, ending at ₦2.12 from ₦2.34.
Bond Market Performance:
Trading activity in the bond market remained stable, with minimal fluctuations:
FG132026S1 Bond: Increased by ₦15.00 to close at ₦100.00.
FG162049S2, FG172050S2, FG192038S2, and FGEUR2049S4 Bonds: Maintained their previous closing prices.
ETF Market Performance:
Exchange-Traded Funds (ETFs) remained unchanged across the board:
Lotus Halal Equity ETF (LOTUSHAL15): Closed at ₦42.75.
Vetiva Banking ETF (VETBANK):* Ended the day at ₦11.00.
Vetiva Consumer Goods ETF (VETGOODS): Closed steady at ₦17.20.
NewGold ETF (NEWGOLD): Held firm at ₦40,000.00.
Market Sentiment and Outlook:Today’s performance highlights the dominant role of the banking sector in driving market activity, while sharp declines in some equities suggest pockets of investor caution. The stability in the bond and ETF markets reflects a more conservative approach in those segments.
SOURCE; NGX WEBSITE
