All-Share Index down 0.48% Thursday on Nigerian bourse

The equities transaction on The Nigerian Stock Exchange (NSE) posted a loss of 0.48 per cent, offsetting week’s cumulative gain of 0.15 per cent, and causing the market All-Share Index (ASI) to drop to 41,107.81 points.

Accordingly, the Month-to-Date and Year-to-Date returns moderated to -0.39 per cent and 7.49 per cent respectively.

The Consumer Goods (-1.53%), Oil & Gas (-0.78%), and Industrial Goods (-0.18%) indices recorded losses, owing to selloffs of the shares of INTBREW (-8.30%) — following the brewer’s unimpressive Q1-2018 result, wherein a loss after tax of NGN2.24 billion was posted, against a NGN1.36 billion profit in the previous year — and profit taking in FO (-4.94%) and DANGCEM (-1.09%) stocks, respectively.

On the flip side, gains in FBNH (+1.63%) and CONTINSURE (+4.61%) shares buoyed positive returns in the Banking (+0.79%) and Insurance (+0.24%) indices.

Market breadth was flat, with 25 gainers and losers apiece, led by UNITYBNK (+9.52%) and INTBREW (-8.30%) respectively. Total volume of trades increased by 15.98 per cent to 320.40 million units, valued at NGN4.76 billion, and exchanged in 4,482 deals.