NGX: Losses in Nigerian Breweries shares responsible for marginal decline in ASI

This week’s trading activities on the floor of the Nigerian Exchange Limited, NGX took off on mixed sentiments but ended the day with a marginal bearish tilt.

Consequently, the benchmark Index shed 0.01% or 5.4 basis points to settle at 49,676.75 basis points as against last week’s 49,682.15 basis points. Similarly, the Market Capitalization declined 0.01% or ₦2.91bn to close at ₦26.794trn from ₦26.797trn.

Gains in UNITED BANK FOR AFRICA PLC (+0.70%), ZENITH BANK PLC (+0.23%) and FBN Holdings Plc (+0.46%) were offset by losses in GUARANTY TRUST HOLDING COMPANY PLC (-0.50%) and NIGERIAN BREWERIES (-2.86%).

Analysis of today’s market activities showed a total of 222.66m shares valued at ₦2.13bn were exchanged in 4.350 deals.

JAIZ BANK PLC was the most traded stock by volume at 40.42 million units of shares, while ACCESS HOLDINGS PLC was the most traded stock by value at ₦293.56million.

As measured by market breadth, market sentiment was positive with 18 stocks advancing relative to 9 losers.

TRANS-NATIONWIDE EXPRESS PLC. (+9.52%) and UPDC REAL ESTATE INVESTMENT TRUST (+9.23%) topped the gainers’ list, while CAVERTON OFFSHORE SUPPORT GRP PLC (-9.57%) and JOHN HOLT PLC (-8.99%) recorded the most significant losses of the day.

Analysing by sectors, the Consumer Goods (-0.3%), Insurance (-0.3%), and Oil & Gas (-0.1%) indices closed in the red, while the Banking (+0.3%) index advanced. The Industrial Goods indices closed flat.