Markets
Nigerian equity market downtrend continues, dips 0.11%
The Nigerian equity market extended losses on Tuesday due to sell=offs in INTBREW, CHAMS and ACCESSCORP.
The All-Share Index declined 0.11% to 46,843.0 9 points; the YTD return dropped to 9.66% while market capitalisation declined by ₦27.35bn to ₦25.25tn.
Activity level also waned, with the volume and value traded declining by -40.4 5% and -3 1.43% to 214.3mn units and ₦1.7 9bn respectively.
The most active stocks by volume were CHAMS (30.40m units), ACCESSCORP (3 0.30m units) and TRANSCORP (20.51m units) while ACCESSCORP (₦305.51mn), ZENITHBANK (₦275.0 2mn) and FBNH (₦216.38mn) led by value.
The Consumer Goods and Agriculture indices were the only gainers, up 15bps and 1bp respectively due to gains in PZ (+9.8 0%), GUINNESS (+1.71%) and
LIVESTOCK (+0.59%).
On the flip side, the Oil & Gas and Banking indices declined by 25bps and 18bps owing to profit bookings in OANDO (-3.8 0%) and ACCESSCORP (-1.95%). Similarly, losses in
IKEJAHOTEL (-4.00%) and RTBRISCOE (-1.52%) dragged the Services (-0.1 7bps) index lower. Elsewhere, the Healthcare, ICT and Industrial Goods sectors closed flat.
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