NGX All-Share Index halts bullish run, down 0.20%

Opening the week, the NGX All-Share Index relapsed by 0.20% to close at 52,296.48 points – halting seven days of successive rally on the local bourse. Selloffs in  WAPCO (-1.66%),  GEREGU (-10.00%) and ETI (-0.90%) offset demand for MTNN (+0.57%), ZENITHBANK (+3.07%), and GTCO (+3.17%), driving the weak performance. Consequently, the ASI’s year-to-date (YTD) return decreased to 2.04%, while the market capitalisation lost ₦58.28bn to close at ₦28.48trn. 

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 60.59%. A total of 550.29m shares valued at ₦5.15bn were exchanged in 6,250 deals. ACCESSCORP (+2.46%) led the volume and value charts with 150.07m units traded in deals worth ₦1.57bn.

Market breadth closed positive at a 1.39-to-1 ratio with advancing issues outnumbering declining ones. CONOIL (+10.00%) topped twenty-four (24) others on the leader’s log while GEREGU (-10.00%) topped seventeen (17) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023