Conoil Leads Losers, NSE ASI In 0.01% Marginal Dip  

CONOIL led the losers on Thursday with  N2.1 or 10.00 percent decline, as the Nigerian domestic bourse sentiments weakened.

Losses across small caps stocks masked gains recorded in large caps, such as GTBank that appreciated by 1.1 percent, and ZENITH that rose by 0.6 percent. GTBank was also the most traded stock by value at N534.47 million.

The impact of the losses led to a marginal decline of 0.01 percent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to 24,276.56 points. Accordingly, Month-to-Date and Year-to-Date losses printed -0.8 percent and -9.6 percent, respectively.

Investors  transacted a total of 192,081,951.00 million shares, worth N2, 470,093,437.51 billion, recorded in 3,833.00 deals. This was against a total of 232, 60 million shares, worth N4.69 billion, recorded in 3,523 deals, posted midweek.

Aside from the total number of deals that rose by 8.80 percent, other indices declined. Volume traded dipped by 17.42 percent, while the value of transacted stocks dipped by 47.43 percent.

 The secondary bond market capitalization closed the day at N14, 754,084,288,682.00 trillion, while capitalisation of Exchange Traded Products (ETPs) closed at N14, 023,784,365.75 billion.

 Analyzing sectors, the Insurance index rose by 0.6 percent, the Banking index by 0.6 percent, and the Industrial Goods index by 0.02 percent, while the Consumer Goods index dipped by 0.6 percent, and Oil & Gas index by 0.4 percent.

Market sentiment, as measured by market breadth, was negative by 0.7x  as 15 tickers declined, relative to 10 gainers.

 CONOIL led the losers on Thursday with  N2.1 or 10.00 percent decline, to end the day at N18.9 per share, followed by VITA FOAM which dipped by N0.52 or 9.30 percent to end the session at N5.07 per share, while INTERBREW, the third-highest loser, dipped by N0.35 or 8.86 percent, ending the day at N3.6 per share.

ARBICO, place fourth on the chart with N0.18 or 9.52 percent to close at N1.71 percent, while DANGSUGAR closed the top five losers chart at N11.5 per share, having declined by N0.1 or 0.86 percent.

 GUARANTY emerged the highest advancer with N0.25 or 1.11 percent, closing at N22.75 per share, followed by PZ which gained N0.15 or 3.57 percent, ending the day at N4.35 per share, while ETI, the third-best gainer, appreciated by N0.15 or 3.26 percent, to close at N4.75 per share.

 ZENITH BANK, ranked as the day’s fourth-best gainer, as its share price rose by N0.1 or 0.60 percent, to close at N16.75 per share, while LAW UNION closed the day’s top five gainers chart at N1.07 per share, having grown by N0.07 or 7.00 percent.

FIDELITY BANK on Thursday sustained leadership as the most active stock 38,064,606 million shares, worth N68, 549,038.51 million.  GUARANTY followed with          23,578,640 million shares valued N534, 467,897.40 million, while ZENITH BANK, the third most active stock recorded 23,080,402 million shares turnover, worth N385, 442,984.65 million.

 ACCESS as the fourth in activity chart, posted 11,424,332 million shares, worth N73,860,834.05 million, while UBA closed the top five active stocks chart with 10,604,152million shares, valued N68,104,489.15 million.

BOCAS  closed the day as the last traded stock with 248 shares valued N1,144.82, transacted in 2 deals, followed by UPDCREIT with  250 shares, worth N962.50 recorded in two deals, while ETRANZACT [BLS] third on the chart posted 296  shares, worth N769.60 traded in 1 deal.

BERGER fourth-least traded stock recorded 575 shares worth N3, 668.00, posted in 5 deals, while CHAMPION [BLS] closed the top five charts of least traded transacted stocks with 632 shares, worth N587.76 and recorded in 1 deal.