NGX All-Share Index slips, down 1.99%

Today, the domestic bourse slipped as the benchmark index closed 1.99% weaker at 60,715.04 points. Gains in PRESCO (+1.69%), FCMB (+4.26%), and TRANSCOHOT (+9.83%) were offset by selloffs in MTNN (-1.80%), BUACEMENT (-9.86%), and ZENITHBANK (-3.83%) keeping the market in the negative terrain. Consequently, the year-to-date (YTD) return fell to 18.47%, while market capitalisation lost ₦672.03bn to close at ₦33.06trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 13.04%. A total of 1.11bn shares valued at ₦12.21bn were exchanged in 12,194 deals. FCMB (+4.26%) led the volume chart with 180.75m units traded while ZENITHBANK (-3.83%) led the value chart in deals worth ₦1.80bn.

Market breadth closed negative at a 1.70-to-1 ratio, with declining issues outnumbering advancing ones. PZ (-10.00%) led thirty-three (33) others on the laggard’s table, while ETERNA (+9.96%) topped nineteen (19) others on the gainer’s log.

Find below key highlights of market activities

Dividend Information for 2023