Nigerian stock exchange losses 17bps on Tuesday

• Today, the Nigerian stock exchange reversed some of the gains from the prior session, as the benchmark index declined by 17bps to close at 105,931.18 points, bringing the year-to-date return to 2.92%. Market capitalisation fell by N116.28bn to settle at ₦66.58tn. The market performance was driven by losses in Telco heavy weight MTNN (-6.07%), FIRSTHOLDCO (-0.20%) and INTBREW (-3.19%) which outweighed gains in GTCO (+1.19%) ACCESSCORP (+1.14%) and HONYFLOUR (+7.26%).
• Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 191.37%. A total of 733.05m shares valued at N35.29bn were exchanged in 16,619 deals. FIDELITYBK (+0.50) led the volume chart with 285.15m units traded, while MTNN (-6.07%) led the value chart  in deals worth N7.75bn.
• Market breadth closed positive at a 1.65-to-1 ratio with advancing issues outnumbering declining ones. ABCTRANS (+9.94%) led the leaders table, while FTNCOCOA (-5.24%) led the laggards log.

NASD SUMMARY

•  The NASD OTC market inched higher today, as the NSI posted a meagre  0.01% to 3,282.7 points and market capitalisation gaining N192.2m to close at N1.92tn.
• Trading activity slumped, as volume and value dropped by 99.9% and 99.6% respectively to 2.24m units and N38.62m. SOURCE: Coronation securities Limited