Stock Market
NGX ASI dips further, down 38bps, investors lost ₦225.41bn
Today, the local bourse dips further, losing 38bps to close at 97,651.23 points. Losses in BUACEMNT (-0.20%), ARADEL (-10.00%) and FBNH (-1.32%) outweighed gains in GTCO (+0.75%), ZENITHBANK (+1.14%) and ACCESSCORP (+1.15%) leaving the market in the red. Accordingly, having lost in four trading sessions, the market is on track for a weekly loss. The ASI year-to-date (YTD) return fell to 30.60%, while the market capitalization shed ₦225.41bn to close at ₦59.17trn
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 34.57%. A total of 536.79m shares valued at ₦10.01bn were exchanged in 9,053 deals. UBA (-0.67%) led the volume and value charts with 74.26m units traded in deals worth ₦2.2bn.
Market breadth closed marginally negative at a 0.96-to-1 ratio with declining issues outnumbering the advancing ones. ARADEL (-10.00%) topped twenty-three (23) others on the laggard’s table while SUNUASSUR (+10.00%) led twenty-two (22) others on the leader’s log.
Find below key highlights of market activities
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