Over the course of the week, TRANSCOHOT (-9.72% w/w), FBNH (-8.20% w/w) and UBA (-17.23% w/w) were the major drags on the broader index offsetting gains in telco giant AIRTELAFRI (+8.97% w/w) and MTNN (+1.82% w/w). Consequently, the ASI year-to-date (YTD) return fell to 31.23%, while the market capitalization shed ₦54.11bn w/w to close at ₦55.51trn.
In today’s trading session, the NGX All-Share Index slipped by 3bps to 98,125.73 points. Losses in GTCO (-0.25%) and TRANSCOHOT (-9.72%) offset gains in ZENITHBANK (+0.92%), UBA (+4.55%) and ACCESSCORP (+0.29%). As a result, the market capitalization lost ₦17.53tn to close at ₦55.51tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 5.53%. A total of 140.77m shares valued at ₦9.42bn were exchanged in 6,934 deals. ACCESSCORP (+0.29%) led the volume chart with 25.61m units traded, while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦4.25bn.
Market breadth closed negative at a 0.71-to-1 ratio with declining issues outnumbering advancing ones. TRANSCOHOT (-9.72%) led twenty (20) others on the laggard’s log, while PZ (+9.92%) topped fourteen (14) others on the leader’s table.
On the sectoral breakdown, while the NGX Industrial Goods Index managed to eke out 1bps, the NGX 30 Index (-0.11% w/w), the NGX Consumer Goods Index (-1.29%w/w), the NGX Pension Index (-1.69%w/w), the NGX Insurance Index (-3.98%w/w), NGX Oil and Gas Index (-6.49%w/w) and NGX Banking Index (-5.31%w/w) closed negative.
Coronation
