Amaechi Raphael Chinedu
@Official_ARC·2h
Two results, two sell-offs, and the NGX barely moved. Here's what happened
Monday's close: the All-Share Index slipped just 0.02% (-54.28 pts) to 254,245.21, a hair below Friday's record. The market is worth ₦165.08trn and is still up 63.38% this year.
That tiny move hides a busy day. Twice as many stocks fell as rose, 41 against 21, and today the market gave its first verdict on two sets of results we covered:
1. 
$ARADEL fell 9.99% to ₦1,296.00, close to the 10% daily limit. It was the biggest loss in naira terms, ₦143.90 a share, after its nine-month report showed profit after tax down 82% on the SPDC earn-out charge.
2. ACCESSCO$ACCESSCO dropped 7.34%. This morning we noted that while group profit rose 5.9%, the profit that belongs to Access shareholders rose only 0.8%.
So why didn't the index fall harder? 
$DANGCEM. It touched a new 52-week high of ₦1,490 and pushed the Industrial Index up 3.34%. Because the index is weighted by company size, one giant rising can cancel out a lot of red elsewhere.
Sectors: Oil & Gas -3.75%, Banking -1.79%, Consumer Goods -1.17%, Industrial +3.34%, Insurance +0.93%.
Top gainers: Consolidated Hallmark (+10.00% to ₦7.15), Livestock Feeds (+9.77% to ₦14.60), AXA Mansard (+9.30% to ₦11.75). Top losers: Champion Breweries (-10.00% to ₦8.10), SUNU Assurances (-10.00% to ₦2.70), Aradel (-9.99%).
Trading: 517.26m shares worth ₦47.48bn across 54,015 deals. Fewer shares changed hands than Friday, but there were about 43% more deals, so lots of smaller trades.
Why it matters: a flat index can still be a rough day for your own holdings. It depends on what you own.
Add your portfolio on Gopexly to see how today's moves hit your numbers.
Not financial advice, just the close.
$ARADEL fell 9.99% to ₦1,296.00, close to the 10% daily limit. It was the biggest loss in naira terms, ₦143.90 a share, after its nine-month report showed profit after tax down 82% on the SPDC earn-out charge.
2. ACCESSCO$ACCESSCO dropped 7.34%. This morning we noted that while group profit rose 5.9%, the profit that belongs to Access shareholders rose only 0.8%.
So why didn't the index fall harder? $DANGCEM. It touched a new 52-week high of ₦1,490 and pushed the Industrial Index up 3.34%. Because the index is weighted by company size, one giant rising can cancel out a lot of red elsewhere.
Sectors: Oil & Gas -3.75%, Banking -1.79%, Consumer Goods -1.17%, Industrial +3.34%, Insurance +0.93%.
Top gainers: Consolidated Hallmark (+10.00% to ₦7.15), Livestock Feeds (+9.77% to ₦14.60), AXA Mansard (+9.30% to ₦11.75). Top losers: Champion Breweries (-10.00% to ₦8.10), SUNU Assurances (-10.00% to ₦2.70), Aradel (-9.99%).
Trading: 517.26m shares worth ₦47.48bn across 54,015 deals. Fewer shares changed hands than Friday, but there were about 43% more deals, so lots of smaller trades.
Why it matters: a flat index can still be a rough day for your own holdings. It depends on what you own.
Add your portfolio on Gopexly to see how today's moves hit your numbers.
Not financial advice, just the close.0 views
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