ASI declines by 44bps

The All Share Index of the equities market shed 44bps in today’s trading session to close at 103,958.75 points. Sell-offs in DANGCEM (-3.75%), ZENITHBANK (-0.39%) and FBNH (-5.49%) encumbered investors demand in GTCO (+0.08%) and OANDO (+9.72%) bringing the market to a negative close. As a result, the ASI year-to-date return and the market capitalization moderated to +1.00% and N64.16trn respectively.
On the activities for the day, the turnover settled higher relative to the previous session, with the value of transactions up by 2.53%. A total of 542.23m valued at N13.64bn were exchanged in 15,561 deals. For the second time in a row, ACCESSCORP (-2.88%) led the volume chart with 43.99m units transacted while ZENITHBANK (-0.39%) led the value charts with N1.72bn.
Market breadth closed at a 0.87-to-1 ratio with declining issues outnumbering the advancing ones. OKOMUOIL (+10.00%) topped twenty-five (25) others on the laggards’ table while MRS (-9.95%) led twenty-nine (29) others on the leaders’ log.