Today, the NGX All-Share Index relapsed by 0.52% to close at 44,625.18 points – halting five days of successive rally on the local bourse. Selloffs of telco giant AIRTELAFRI (-2.83%) as well as continued losses in GTCO (-1.10%) offset renewed demand for MTNN (+0.05%) and ZENITHBANK (+2.55%), driving the weak performance. Nevertheless, the market remains on track for another week of gain in the month. The ASI’s year-to-date (YTD) return decreased to 4.47%, while the market capitalization lost ₦127.06bn to close at ₦24.31trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 54.07%. A total of 150.97m shares valued at ₦1.55bn were exchanged in 2,998 deals. MBENEFIT (+3.57%) led the volume chart with 47.85m units while AIRTELAFRI (-2.83%) led the value chart in deals worth ₦573.53m.
Market breadth closed positive at a 1.71-to-1 ratio with advancing issues outnumbering declining ones. REGALINS (+8.70%) topped eleven (11) others on the gainer’s table, while LINKASSURE (-9.30%) led six (6) others on the laggard’s log.