Investors Lose N10.9bn as ASI Sheds 1bps

Investors on the Nigerian Exchange (NGX) suffered a marginal loss at the start of the week as the All Share Index (ASI) slipped by one basis point, closing at 166,112.50 points.

The decline translated into a ₦10.90 billion erosion in market capitalisation, which fell to ₦106.34 trillion. Year-to-date returns also weakened slightly to 6.75 per cent, down from 6.76 per cent in the previous session.

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The bearish outing was largely driven by profit-taking in mid-cap stocks. GTCO (-1.57%), FirstHoldCo (-1.92%), and Nigerian Breweries (-4.01%) accounted for a significant portion of the losses, offsetting gains in ETI (+6.38%), Zenith Bank (+2.22%), and Julius Berger (+9.88%).

Trading activity showed mixed signals. Transaction volume rose by 16.62 per cent, but the value of trades dropped by 11.74 per cent, reflecting weaker investor appetite. NSLTECH (+9.26%) dominated the volume chart with 83.31 million units, while Aradel (+0.00%) led the value chart with trades worth ₦1.52 billion.

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Despite the overall decline, market breadth was positive at 1.92x, with 48 gainers against 25 losers. Champion Breweries (+10.00%) topped the advancers, while HMCALL (-9.88%) led the decliners.

Losses also extended to the NASD market, where investors saw the Securities Index (NSI) and market capitalisation dip by 0.05 per cent, closing at 3,667.22 points and ₦2.19 trillion, respectively.

However, activity surged, with transaction volume and value rising by 642.23 per cent and 288.00 per cent. SDAIRLIQ (+9.09%) emerged as the top gainer, while SDFCWAMCO (-1.75%) led the losers.