First trading day of the Week: NGX All-Share Index falls by 0.14%

Nigerian equities opened the week on a weak note, reversing prior session gains as the All-Share Index was 0.14% weaker to close at 49,626.05 points, the lowest point since 23 August. The market’s performance was primarily driven by selloffs in WAPCO (-2.81%) and FBNH (-3.30%). Consequently, the year-to-date (YTD) return fell to 16.18%, while the market capitalization shed ₦37.26bn to close at ₦26.77trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 37.22%. A total of 86.59m shares valued at ₦1.17bn were exchanged in 3,377 deals. GTCO (+0.51%) led the volume and value charts with 19.47m units traded in deals worth ₦385.59m.

Market breadth closed flat. BETAGLAS (-9.96%) led twelve (12) others on the laggard’s log while MULTIVERSE (+9.32%) topped twelve (12) others on the leader’s table. Find below key highlights of market activities