The Nigerian Stock Exchange (NSE) experienced a mixed day of trading today, with the All-Share Index (ASI) recording a slight dip of 0.44%, closing at 103,958.75. Despite this drop, the market saw significant activity across various sectors, with a total of 15,561 deals executed, generating a trading volume of 542.2 million shares and a total value of N13.64 billion.
Key Performers:
Among the top gainers of the day, SCOA, Okomu Oil, and Eunisell led the pack, all experiencing a 10% increase in share prices. SCOA rose to N4.07, while Okomu Oil reached N488.40, and Eunisell climbed to N12.54. This strong performance in select stocks helped cushion the overall market’s downturn.
- SCOA: +10.00% (N3.70 → N4.07)
- OKOMU OIL: +10.00% (N444.00 → N488.40)
- EUNISELL: +10.00% (N11.40 → N12.54)
- SFSREIT: +9.97% (N179.45 → N197.35)
- NEM: +9.96% (N12.05 → N13.25)
Stocks in the Red:
However, not all stocks had a positive day. Shares of MRS, RedStar Express, and LearnAfrica were among the hardest hit, with MRS experiencing a notable loss of 9.95%, falling from N180.90 to N162.90.
- MRS: -9.95% (N180.90 → N162.90)
- REDSTAREX: -9.90% (N5.05 → N4.55)
- LEARNAFRCA: -9.82% (N4.99 → N4.50)
- DAARCOMM: -8.33% (N0.84 → N0.77)
- VERITASKAP: -7.74% (N1.55 → N1.43)
Market Activity:
Access Bank, Sterling Bank, and Zenith Bank were the most actively traded stocks in terms of volume. Access Bank saw the highest volume with over 43.9 million shares traded, while Zenith Bank led in value, generating over N1.7 billion in trades.
- Access Bank: 43.99 million shares traded, N1.19 billion in value
- Sterling Bank: 42.23 million shares traded, N254.3 million in value
- Zenith Bank: 33.79 million shares traded, N1.72 billion in value
- UBA: 29.20 million shares traded, N1.09 billion in value
- FCMB: 26.05 million shares traded, N313.1 million in value
Bonds & ETFs:
In the fixed-income market, bonds like FGSUK2031S4 and FG202034S2 saw a significant uptick in their prices, with the former rising by N7.49 to N84.99, while the latter increased by N5.58 to N100. The bond market has displayed steady growth, reflecting investor confidence in long-term instruments.
Meanwhile, the Exchange-Traded Funds (ETFs) performed well, with Stanbic ETF 30 jumping by nearly 10% to N443.99, while NewGold and GreenWETF maintained stable prices at N40,000 and N529, respectively.
Market Outlook:
As investors keep a close eye on global and domestic economic developments, the Nigerian stock market remains resilient, particularly in the face of challenges in select sectors. The total equity market capitalization now stands at N64.16 trillion, while the bond market cap is pegged at N47.68 trillion, suggesting that there is still a robust appetite for investment in Nigeria’s capital markets.
Live Updates:
- ASI: 103,958.75 (-0.44%)
- Market Volume: 542,229,692 shares
- Market Value: N13,636,085,330.08
- Equity Cap: N64.16 trillion
- Bond Cap: N47.68 trillion
While the overall market showed some weakness, the resilience of key sectors, particularly in the banking and consumer goods space, offers a hopeful outlook for the rest of the trading week.
