During the holiday shortened week, selloff in MTNN (-2.67%w/w), ZENITHBANK (-0.28%w/w), TRANSCOHOT (-9.98%w/w) were the primary drivers of the weak performance of the broader index, offsetting the gains in GTCO (+4.27%w/w), TRANSCORP (+9.59%w/w) and PRESCO (+4.06%w/w). Consequently, the year-to-date (YTD) return declined 18bps w/w and the market capitalisation lost ₦103.08bn w/w to close at ₦56.42trn.
In today’s trading session, the All-Share index lost 10bps to settle at 99,743.05 points. Losses in Teir-1 banking tickers GTCO (-2.00%), ZENITHBANK (-0.14%) and FBNH (-3.42%) pushed the broader index into the negative terrain. Accordingly, the market capitalization lost ₦56.45bn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 55.20%. A total of 617.22m shares valued at ₦11.35bn were exchanged in 9,273 deals. FBNH (-3.42%) led the volume and value chart with 207.91m units traded in deals worth ₦4.57bn.
Market breadth closed negative at a 0.81-to-1 ratio with declining issues outnumbering the advancing ones. MULTIVERSE (-9.68%) topped twenty-five (25) others on the laggard’s table while INTBREW (+10.00%) led twenty (20) others on the leader’s log.
On the sectoral breakdown, the NGX Oil and Gas Index (+0.35%w/w) led the leaders log, followed by the NGX Consumer Goods Index (+0.29%w/w), the NGX Pension Index (+0.20%w/w) and the NGX Industrial Goods Index (+0.10%w/w). Contrarily, the NGX Insurance Index (-1.319%w/w) led the laggards, followed by the NGX 30 Index (-0.16%w/w) and the NGX Banking Index (-0.04%w/w).
Coronation
