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  • Massive sell-off mode was activated as investors and speculators cut risky bets taking a cue from Nigeria’s exclusion from JP Morgan Government Bond Index – Emerging Market Series (GBI – EM). Benchmark index erased all points gained in the last two sessions as it lost 2.98% to stand at 29,454.09bps.
  • Every sector monitored by the exchange took a hit; they all recorded losses ranging from 194bps to 394bps. The Banking sector lost most points as fourteen (14) out of the fifteen (15) traded banking counters closed lower.
  • ASI-year-to-date stands at -15.01% while market capitalization added N105billion. Among the broad indices, volume and value traded appreciated by 51% and 114% respectively. At the close of today’s session, 8 stocks advanced, 46 declined while 44 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.21), FIDSON (N3.36) and GUINNESS (N131.48) while OANDO (N10.93) FIDELITYBK (N1.43) FBNH (N6.63) led the decliners.
  • Investors are advised to tread cautiously.
LOSERS
Ticker Price % Price ^ Yr High Yr Low YtD
1 OANDO 10.93 -8% 18.69 9.25 -32%
2 FIDELITYBK 1.43 -5% 2.07 1.15 -12%
3 FBNH 6.63 -5% 10.19 5.23 -25%
4 FLOURMILL 21.47 -5% 39.8 21.47 -45%
5 UAC-PROP 7.6 -5% 11.94 7.5 -20%
6 MANSARD 2.47 -5% 3.11 2.19 -23%
7 MOBIL 142.5 -5% 170 140 -10%
8 UACN 32.3 -5% 41.28 26.7 -5%
9 ZENITHBANK 16.96 -5% 23.8 13.75 -8%
10 GUARANTY 23.28 -5% 28.82 17.52 -8%
49 Stocks Declined
GAINERS
Ticker Price % Price ^ Yr High Yr Low YtD
1 TRANSEXPR 1.21 9% 1.29 0.86 -2%
2 FIDSON 3.36 5% 3.9 3 -14%
3 GUINNESS 131.48 5% 168 110.01 -22%
4 COSTAIN 0.64 5% 0.95 0.57 -14%
5 NAHCO 4.45 3% 6.52 4.25 -10%
6 EVANSMED 0.68 3% 2.28 0.61 -70%
7 HONYFLOUR 2.52 1% 3.46 2.27 -27%
8 OKOMUOIL 25.9 0% 30.7 19.6 2%
9 7UP 190.4 0% 195 153 15%
10 7UP 190.4 0% 195 153 15%
8 Stocks Appreciated

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