NGX All-Share Index maintains losing streak, down 2bps

Today, activities on the local bourse ended mixed, albeit with a bearish tilt as the benchmark index lost 0.02% to close at 52,599.65 points. Bearish sentiment in MTNN (-0.43%), ACCESSCORP (-0.55%) and GEREGU (-5.90%) overturned the gains in Tier-1 banking names, GTCO (+1.25%) and STANBIC (+1.56%) causing the drag in the market. As a result, the ASI’s year-to-date (YTD) return fell to 2.63%, while the market capitalization shed ₦7.03bn to close at ₦28.65trn. 

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 44.22%. A total of 119.84m shares valued at ₦2.69bn were exchanged in 3,552 deals. MBENEFIT (+6.06%) led the volume chart with 11.26m units traded while GEREGU  (-5.90%) led the value chart  in deals worth ₦3.20bn.

Market breadth closed positive at a 1.15-to-1 ratio with advancing issues outnumbering declining ones. OKOMUOIL (+9.76%) topped fourteen (14) others on the gainer’s table, while CORNERST (-6.90%) led twelve (12) others on the laggard’s log.

Find below key highlights of market activities

Source: Coronation Securities