Business and Economy

NGX All-Share Index sheds 1bp as market capitalisation shed ₦2.91bn to close at ₦26.79trn

Opening the week, the domestic bourse ended mixed with a bearish tilt as the benchmark Index shed 0.01% to settle at 49,676.75 points. Gains in UBA (+0.70%), ZENITHBANK (+0.23%) and FBNH (+0.46%) were offset by losses in GTCO (-0.50%) and NB (-2.86%). As a result, the ASI’s year-to-date (YTD) return fell to 16.29%, while the market capitalisation shed ₦2.91bn to close at ₦26.79trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 54.12%. A total of 222.66m shares valued at ₦2.13bn were exchanged in 4.350 deals. JAIZBANK (+4.65%) led the volume chart with 40.42m units traded, while ACCESSCORP (+0.00%) led the value chart in deals worth ₦293.56bn.
Market breadth closed positive at a 2-to-1 ratio, with advancing issues outnumbering declining ones. UPDCREIT (+9.23%) topped fifteen (15) others on the leader’s table, while CAVERTON (-9.57%) led seven (7) others on the laggard’s log. Find below key highlights of market activities.

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