NCR stole the spotlight on Tuesday, November 18, surging 9.95% to ₦30.95 as the Nigerian stock market struggled.
Meanwhile, the All-Share Index (ASI) fell 173.26 points, closing at 144,986.51, a mild 0.12% decline from Monday’s 145,159.77 finish.
NCR Leads The Charge
Investors traded cautiously, which slowed activity.
Total volume dropped to 381.2 million shares from 388.1 million, and market capitalisation edged down slightly to ₦92.2 trillion across 21,827 deals.
Market Activity Slows
Consequently, the market seemed to pause, giving traders time to watch for clear signals.
Following NCR, UPL rose 9.8% to ₦5.60, keeping optimism alive.
Similarly, TANTALIZER and STERLINGNG drew heavy trading, with 58.7 million and 31.4 million shares exchanging hands.
In contrast, LIVINGTRUST and MCNICHOLS tumbled 9.9% and 9%, signalling market volatility.
Banking And Value Leaders
UNIVINSURE, VERITASKAP, and ARADEL also attracted strong attention, completing the top five most active stocks.
Read Also: NCR Nigeria Rallies 60% MTD On Strong Earnings
Moreover, ARADEL led value trades at ₦9.4 billion, ahead of ZENITHBANK (₦743.6 million), GTCO (₦671.3 million), MTNN (₦655.2 million), and SEPLAT (₦552.6 million).
The banking sector faced pressure as ZENITHBANK dropped 3.1%, UBA fell 2.51%, and ACCESSCORP declined 1.12%.
However, GTCO and FIRSTHOLDCO rose modestly by 0.35% and 0.5%, providing small glimmers of hope.
Overall, the ASI continues to encounter bearish pressure.
Yet, a strong rally in mid- and large-cap stocks could push the index above 150,000 in the near term.
Key Figures:
- ASI: 144,986.51 (-0.12%)
- YTD Performance: +40.86%
- Volume: 381.2 million shares
Market Cap: ₦92.2 trillion
Top Gainers: NCR, UPL, TANTALIZER, CAVERTON, UNIONDICON
Top Losers: LIVINGTRUST, MCNICHOLS, LIVESTOCK, REGALINS, UPDC
Top Volume: TANTALIZER, STERLINGNG, UNIVINSURE, VERITASKAP, ARADEL
