Starting up the new week, equities trading on the floor of the Nigerian Stock Exchange ended in the negative territory, as the lead performance pointer- NSEASI gave up marginal 5Bpts from its trading points, and closed at 43,230.34 from 43,253.01. It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, the lead index is 5Bpts below opening, while the total gained points in the month November is now 283Bpts. See the index movement table for details.

Negative sentiments persist on the floor of the Nigerian Stock Exchange, as more investors opted for profit taking from the long bullish run that welcome the earnings season. As at the end of today’s trading activities, the market clocked fourth trading day on the bearish part. Please understand that the four days loss is an equivalent of the last positive day posted by the market. In our opinion, this is an indication that market fundamentals are still very green. Things to watch out for are various closure dates of already announced cash dividend, the year-end preparation moves amongst others. We foresee mixed performances through the better part of the month of November, thus we recommend a cautious play around the market arena.  

The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N11.830 billion, same as 5Bpts below the opening value. Meanwhile, trading activities for the day produced 20 ADVANCERS and 14 LAGERS. NGXASI Year to Date gain is now 735Bpts while the Market Capitalization Year to Date gain now stood at N1.503 trillion same as 714Bpts above the year’s opening value.

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