NGX All-Share Index extends downtrend by 0.48%

Today, the domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.48% to close at 98,228.50 points. Bearish sentiment in MTNN (-0.23%), ZENITHBANK (-0.29%) and GTCO (-5.98%) overturned the gains in PRESCO (+10.00%), OANDO (+2.51%) and WEMABANK (+7.28%) causing the drag in the market. As a result, the ASI year-to-date (YTD) fell to 31.37%, while the market capitalisation shed ₦268.75bn to close at ₦55.55trn. 
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 6.76%. A total of 425.66m shares valued at ₦8.35bn were exchanged in 9,620 deals. UBA (+0.00%) led the volume and value chart with 102.23m units traded in deals worth ₦2.68bn.
Market breadth closed negative at a 0.54-to-1 ratio with declining issues outnumbering the advancing ones. UNITYBNK (-10.00%) topped twenty-five (25) others on the laggard’s table while PRESCO (+10.00%) led thirteen (13) others on the leader’s log.

Find below key highlights of market activities

Dividend Information for 2024