NGX All-Share Index rebounds slightly at Tuesday’s trading Session, up by 1bp

Activity on the Lagos bourse was mixed, albeit with a bullish tilt as the benchmark index edged up slightly higher (+0.01%) to settle at 49,445.31 points. Selloffs in market heavyweight MTNN (-0.05%) as well as Tier-one GTCO (-0.51%) was offset by increased demand in FBNH  (+5.00%) and ZENITHBANK (+0.25%). Consequently, the year-to-date (YTD) return increased to 15.75%, while the market capitalisation rose by ₦3.22bn to close at ₦26.67trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 61.72%. A total of 147.59m shares valued at ₦2.39bn were exchanged in 3,323 deals. GTCO (-0.51%) led the volume chart with 35.82m units traded, while MTNN (-0.05%) led the value chart in deals worth ₦860.43m.

Market breadth closed negative at a 1.3-to-1 ratio with declining issues outnumbering advancing ones. TOTAL (-9.98%) topped twelve (12) others on the laggard’s table, while RTBRISCOE (+10.00%) led nine (9) others on the leader’s log . Find below key highlights of market activities