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NGX All-Share Index extends losses: down 0.07% as market capitalization shed ₦18.37bn to close at ₦26.78trn

Nigerian equities ended the session lower as the benchmark index closed 0.07% weaker to settle at 49,642.69 points. Selloffs in MTNN (-0.50%), GTCO (-0.25%) and ACCESSCORP (-0.61%) were the primary drivers of the broader index’s weak performance. As a result, the ASI’s year-to-date (YTD) return fell to 16.21%, while the market capitalisation shed ₦18.37bn to close at ₦26.78trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 44.32%. A total of 125.95m shares valued at ₦3.07bn were exchanged in 4.145 deals. FIDELITYBK (+0.00%) led the volume chart with 10.23m units traded, while MTNN (-0.50%) led the value chart in deals worth ₦1.45bn.

Market breadth closed negative at a 1.08-to-1 ratio, with declining issues outnumbering advancing ones. COURTVILLE (-7.69%) topped twelve (12) others on the laggard’s table, while ETRANZACT (+9.57%) led eleven (11) others on the leader’s log. Find below key highlights of market activities

SOURCE: Coronation Securities Limited

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