The bears continued to dominate the domestic bourse, as the All-Share Index sheds 1.31% to close at 100,582.89 points. Sustained selloffs in Teir-1 banking name, FBNH (-9.97%), GTCO (-8.75%) and ZENITHBANK (-5.94%), overturned gains in PZ (+10.00%), MANSARD (+1.53%) and NAHCO (+0.69%) causing a drag in the market. As a result, the year-to-date return on the index fell to 32.76%, while the market capitalisation lost ₦720.57bn to close at ₦54.32tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 4.80%. A total of 396.23m shares valued at ₦5.83bn were exchanged in 10,549 deals. TRANSCORP (-2.62%) led the volume chart with 52.57m units traded while ZENITHBANK (-5.94%) led the value chart with deals worth ₦1.00bn.
Market breadth closed negative at a 12.50-to-1 ratio with declining issues outnumbering the advancing ones. NB (-10.00%) topped forty-nine (49) others on the laggard’s table while PZ (+10.00%) led three (3) others on the leader’s log.
