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NGX All-Share Index sustains losing streak, down 7bps on Monday

Opening Monday, March 21, 2022, Nigerian equities sustained its losing streak for the third consecutive session as the benchmark index lost 0.07% to close at 47,251.93 points. Losses in UBA (-1.27%), GTCO (-0.19%) and WAPCO (-0.21%) were sufficient to erode gains in ZENITHBANK (+1.31%) and DANGSUGAR (+0.32%), bringing down the overall market. Consequently, the year-to-date (YTD) return fell to 10.62%, while the market capitalization shed ₦16.56bn to close at ₦25.47trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 30.17%. A total of 213.57m shares valued at ₦2.68bn were exchanged in 4,485 deals. ACCESS (+0.00%) led the volume chart with 27.19m units traded, while ZENITHBANK (+1.31%) led the value chart  in deals worth ₦534.68m.

Market breadth closed negative at a 1.47-to-1 ratio with declining issues outnumbering advancing ones. RTBRISCOE (-10.00%) led twenty-one (21) others on the laggard’s table, while GUINNESS (+10.00%) topped fourteen (14) others on the gainer’s log.

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