NGX All-Share Index slips down by 0.11% on Tuesday Trading

The domestic bourse ended lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.11% to close at 49,163.81 points. Investors interest in ZENITHBANK (+1.00%) was offset by selloffs in GTCO (-0.53%), FBNH (-0.99%), ACCESSCORP (-4.55%) and UBA (-1.39%) putting the market in the red. As a result, the year-to-date (YTD) return fell to 15.09%, as market capitalization shed ₦29.42bn to close at ₦26.52trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 87.77%. A total of 139.24m shares valued at ₦1.60bn were exchanged in 3,421 deals. TRANSCORP (+0.00%) led the volume chart with 38.46m units traded, while ZENITHBANK (+1.00%) led the value chart in deals worth ₦710.83m.

Market breadth closed negative at a 1.21-to-1 ratio with declining issues outnumbering advancing ones. MAYBAKER (-9.79%) topped sixteen (16) others on the laggard’s table, while MULTIVERSE (+10.00%) led thirteen (13) others on the leader’s log. Find below key highlights of market activities.