Aradel data N21.4 billion offers as cement inventory selloff triggers 1.26% market decline 

The Nigerian All-Share Index slipped into the pink on Monday, November 17, falling by 1,853.82 factors to shut at 145,159.77 after a pointy 10% drop in Dangote Cement weighed in the marketplace.

The decline represents a 1.26% slide from the day past’s shut of 147,013.6, as buying and selling exercise additionally cooled.

Market quantity fell to 388.1 million shares, a steep drop from the 671 million shares exchanged throughout Friday’s session.

Market capitalization mirrored the downturn, easing to N92.3 trillion throughout 28,492 offers, down from Friday’s shut of N93.5 trillion.

• A number of counters, nonetheless, bucked the pattern. Sovereign Belief Insurance coverage and NCR (Nigeria) led the gainers’ chart, rising 9.97% and 9.96% respectively.
• On the flip aspect, Nigerian Enamelware and Dangote Cement topped the losers’ log, every shedding 10%.

Within the quantity lane, Tantalizers and Aradel had been the standout movers. Aradel, notably, posted a hefty N21.4 billion in share worth, the very best of the day.

Market abstract  

• Present ASI: 145,159.77
• Earlier ASI: 147,013.59
• Day Change: -1.26%
• 12 months-to-Date Efficiency: +41.03%
• Quantity Traded: 388.1 million shares
• Market Cap: N92.32 trillion.

High 5 gainers   

• SOVRENINS: Up 9.97% to N3.20
• NCR: Up 9.96% to N28.15
• TANTALIZER: Up 9.81% to N2.35
• PRESTIGE: Up 9.70% to N1.47
• EUNISELL: Up 8.52% to N79.00

High 5 losers   

• ENAMELWA: Down 10.00% to N40.50
• DANGCEM: Down 10.00% to N534.60
• TRANSCORP: Down 4.66% to N43.00
• AIICO: Down 4.11% to N3.50
• GUINEAINS: Down 3.97% to N1.21

Buying and selling quantity 

• Tantalizer led the exercise chart with 57.1 million shares, adopted carefully by Aradel with 30.4 million shares.
• GTCO ranked third with 21.7 million shares, whereas Aso Financial savings and STERLINGNG accomplished the highest 5 with 20 million and 15.5 million shares, respectively.

Buying and selling worth 

• By way of transaction worth, Aradel dominated the board with trades value N21.4 billion.
• GTCO adopted with N1.8 billion, whereas PRESCO recorded offers totaling N1.2 billion.
• ZENITHBANK posted N834.8 million, and SEPLAT rounded out the highest 5 with N554.8 million in worth traded.

SWOOT and FUGAZ efficiency 

Shares Value Over One Trillion Naira (SWOOTs) closed broadly adverse, with Dangote Cement plunging 10% and Aradel slipping 0.38%.

Among the many FUGAZ group, sentiment was equally weak:

• ACCESSCORP fell 3.26%, FIRSTHOLDCO declined 2.76%, ZENITHBANK shed 1.64%, GTCO dipped 0.58%, and UBA closed 0.25% decrease.

Market outlook 

The All-Share Index continues to show bearish momentum and should drift towards the 141,000 help zone if adverse sentiment in large-cap shares persists.

Nonetheless, a rebound stays potential. A renewed rally in particular person shares presently in retracement may push the index again towards the 150,000 stage and past.