Nigeria Stock Market Update: NGX All-Share Index losses another 0.24% Tuesday

Bearish sentiment extended in today’s trading session as the  All-Share Index closed 0.24% lower to settle at 47,322.97 points, marking its second successive session decline. Selloffs in ZENITHBANK (-1.36%), GTCO (-0.25%), and STANBIC (-4.23%) offset the gains in MTNN (+0.24%) and BUACEMENT (+0.26%) underpinning the market’s weak performance. Consequently, the year-to-date (YTD) return fell to 10.78%, while market capitalization lost ₦61.81bn to close at ₦25.78trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.44%. A total of 120.95m shares valued at ₦1.65bn were exchanged in 3,022 deals. TRANSCORP (+0.00%) led the volume chart with 34.59m units traded while MTNN (+0.24%) led the value chart in deals worth ₦354.28m.

Market breadth closed flat. CHAMS (+9.09%) topped eleven (11) others on the gainer’s table while NEIMETH (-7.97%) led eleven (11) others on the laggard’s log.

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