NGX All-Share Index closes negative, down 0.24%

Today, the NGX All-Share Index relapsed by 24bps to close at 100,063.32 points. Selloff in telco heavyweight MTNN (-6.54%) and WAPCO (-1.41%) offset sustained demand for ZENITHBANK (+4.46%), FBNH (+4.13%) and UBA (+3.52%), driving the weak performance. This decline leaves the market’s direction for the week unclear. The ASI year-to-date (YTD) return decreased to 33.82%, while the market capitalization lost ₦133.59bn to close at ₦56.60trn. 
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 164.30%. A total of 863.58m units of shares valued at ₦12.56bn were exchanged in 7,931 deals. FIDELITYBK (+0.00%) led the volume and value chart with 539.40m units traded in deals worth ₦5.66bn.
Market breadth closed negative at a 0.96-to-1 ratio with declining issues outnumbering advancing ones. DAARCOM (-8.33%) topped twenty-three (23) others on the laggard’s log, while OANDO (+9.93%) led twenty-two (22) others on the leader’s table

Find below key highlights of market activities

Dividend Information for 2024