The All-Share Index extend its losses by 0.24% on Monday

• To begin the week, the local stock exchange All-Share Index extend its losses from the prior session, as the NGX All Share Index (ASI) fell by 0.24%, to close at N141,498.22 points. Consequently, the year-to-date return dropped to 37.48% from the 37.81% recorded in prior week. Market capitalisation also shed N219.63bn (-0.24%), settling at N89.52trn.
• The market downturn was largely driven by sell pressure in NB (-7.64%), UBA (-2.71%), and OANDO (-5.76%), outweighing buying interest in ZENITHBANK (+2.66%), INTEBREW (+3.23%), and ACCESSCORP (+0.77%).
• Market activity was mixed, with transaction volume up by 12.25%, while value dipped by 9.32%. UNIVINSURE (+0.00%) led the volume chart with 79.56m units traded, while ZENITHBANK(+2.66%) led in value with N3.86bn worth of transactions.
• Market breadth closed negative at 0.75x, reflecting more decliners than gainers.  ROYALEX (+9.80%) led the twenty-one (21) gainers, while MCNICHOLS (-10.00%) topped the twenty-eight (28) laggards, and the remaining stocks closing flat.

NASD Summary

• The NASD OTC Securities Index (NSI) and market capitalisation edged up  by 0.41%, closing at 3,548.43 points and N2.12trn, respectively.
• Market activity declined significantly today, as transaction volume and value dipped by 88.79% and 89.43% respectively.
• SDFOODCPT (+8.92%) topped the market advancers, while SDFRILAND (-9.39%) led the market decliners.