The Nigerian All-Share Index started the month of September in negative territory, shedding 573.52 points to close at 139,722.19.
This represented a 0.41% decline from the previous day’s level of 140,295.49, reflecting bearish market activity.
Meanwhile, market capitalization declined by 0.41%, settling at N88.4 trillion, a loss of about N362.7 billion and reflecting the day’s bearish sentiment.
In terms of activity, overall trading volume declined to 407.9 million shares across 33,859 deals valued at N14.8 billion, compared to 435 million shares across 25,609 deals valued at N10.4 billion at the close of the previous trading session on Friday.
Market summary
- Current ASI: 139,722.19.
- Previous ASI: 140,295.49
- Day Change: – 0.41
- ASI Year-to-Date Performance: +35.75%
- Volume Traded: 407.9 million shares
- Market Cap: N88.4 trillion
Top 5 gainers
| TOP GAINERS | % Change | Current Price (N) |
| SOVEREIGN TRUST | 10.00% | 2.86 |
| SCOA | 9.83% | 6.59 |
| CORNERSTONE INSURANCE | 7.98% | 6.90 |
| GUINEA INSURANCE | 7.75% | 1.53 |
| SECURE ELECTRONIC | 4.71% | 0.89 |
Top 5 losers
| TOP LOSERS | % Change | Current Price (N) |
| VERITAS KAPITAL | -10.00% | 1.89 |
| ELLAH LAKES | -10.00% | 12.69 |
| ETERNA OIL | -10.00% | 34.20 |
| CHAMS HOLDING | -9.56% | 2.65 |
| CUTIX | -7.71% | 3.23 |
Top Trades Volume and Value
The top trades chart reflected a significant sell-off in banking stocks, including ZENITH BANK (-2.42%), ACCESS HOLDINGS (-1.13%), UBA (-2.88%), and FIDELITY BANK (-1.41%).
Daily trading volume declined to 407.9 million shares, down from 435 million shares exchanged in the previous session. Investors’ bearish sentiment in bank stocks dominated the market in terms of volume traded, with FCMB topping the chart with 55 million shares, followed by ACCESS HOLDINGS with 31.9 million shares. FIDELITY BANK came third with 26.1 million shares, while ZENITH BANK and UBA completed the top five with 16.7 million and 11.9 million shares, respectively.
In terms of value, ARADEL HOLDINGS dominated with trades worth N5.3 billion. ZENITH BANK followed with N1.1 billion, while LAFARGE recorded N974 million. ACCESSCORP posted N843 million, and GT HOLDCO rounded off the list with N828 million.
SWOOT & FUGAZ Performance
SWOOTs (Stocks Worth Over One Trillion Naira) recorded mixed performances:
- DANGCEM, NTBREW, and NESTLE remained unchanged.
- On the losing side, LAFARGE shed 5.38%, while FIDELITYBK declined by 1.41%.
Among the FUGAZ stocks, the trend was largely bearish:
- GTCO remained unchanged, ZENITHBANK fell 2.42%, UBA lost 2.88%, and ACCESSCORP shed 1.13%.
- FIRSTHOLDCO fell 0.62%.