NGX All-Share Index snaps three-day winning streak, falls 0.29%
Nigerian equities snapped a three-day winning streak Monday as the NGX All-Share Index lost 0.29%, the most in a single day since 7 April, to close at 52,944.65 points. On market movers, profit-taking in WAPCO (-8.28%), MTNN (-0.61%), and INTBREW (-9.09%) dragged the index lower. As a result, the ASI’s year-to-date (YTD) return fell to 23.94%, while the market capitalization lost ₦84.17bn to close at ₦28.54trn.
Analysis of yesterday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions declining by 38.85%. A total of 374.18m shares valued at ₦4.96bn were exchanged in 6,854 deals. TRANSCORP (+8.53%) led the volume chart with 88.59m units traded, while SEPLAT (+0.01%) led the value chart with deals worth ₦1.41bn.
Market breadth closed positive at a 1.27-to-1 ratio, with advancing issues outnumbering declining ones. NNFM (+9.55%) topped twenty-seven (27) others on the leader’s log, while CHAMPION (-9.84%) led twenty-one (21) others on the laggard’s table.
Find below key highlights of market activities.
