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NGX All-Share Index ends winning streak, loses 0.31%

Today, the domestic bourse ended its five-day winning streak as the benchmark index shed 0.31% to close at 51,803.98 points. Selloff in index heavyweight, MTNN (-2.04%) as well as Tier-1 banks, ACCESSCORP (-1.60%), GTCO (-0.72%) and ZENITHBANK (-0.23%) underpinned the market’s weak performance despite the sustained price performance in FBNH (+2.75%) and NB (+1.81%). Consequently, the year-to-date (YTD) return moderated to 21.27%, while market capitalization lost ₦85.65bn to close at ₦27.93trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 393.67%. A total of 314.61m units of shares valued at ₦12.85bn were exchanged in 4,708 deals. LIVINGTRUST (+0.00%), led the volume chart with 100m units traded, while MTNN (-2.04%) led the value chart in deals worth ₦9.87b.

Market breadth closed negative at a 1.90-to-1 ratio with declining issues outnumbering advancing ones. UPL (-9.72%) led eighteen (18) others on the laggard’s table, while SOVRENINS (+8.00%) topped nine (9) others on the gainer’s log.

Find below key highlights of market activities.