Equities Investors lose Marginally Amid Mixed Trading 

Equities investors on the  Nigerian Exchange (NGX) experienced a mixed trading session with a bearish tilt as the market capitalization decreased slightly by N2.18 million to close at N56.46 trillion.

Also, the All-Share Index settled at 99,802.08 points, due to selloffs in Tier-1 banking stocks, including GTCO (-0.88 per cent), Zenith Bank (-1.20 per cent), and UBA (-1.30 per cent), which outweighed gains in WAPCO (+0.41 per cent), Dangote Sugar (+2.28 per cent), and Transcorp (+2.48 per cent).

As a result, the Year-To-Date (YTD) return fell to 33.47 per cent, while Trading activity showed a decline, with the BAYO

trade turnover down 78.06 per cent compared to the previous session.

Consequently, a total of 935.15 million shares valued at N11.84 billion were exchanged in 8,160 deals. Fidelity Bank (+2.94 per cent) led both the volume and value charts, with 698.21 million units traded worth N7.27 billion.

Meanwhile, market breadth was positive, with a 1.19-to-1 ratio of advancing to declining issues. ABC Transport (+10.00 per cent) topped the gainers’ list among twenty-four others, while Thomas Wyatt (-10.00 per cent) led the laggards’ list among twenty others.