NGX ASI Begins Week Low, Down 0.24% as Market Cap Sheds N89.42bn
NGX
The equities market of the Nigerian Exchange Limited (NGX) opened the week on a negative note, as the All-Share Index (ASI) declined by 0.24 per cent to close at 67,037.93 points, while the market capitalization shed N89.42billion to close at N36.83trillion.
Selloffs in STANBIC (-10.00%), WAPCO (-1.02%) and UBN (-2.16%) offset gains in ZENITHBANK (+0.47%), GTCO (+0.29%) and ACCESSCORP (+1.89%) to drive the market’s weak performance.
As a result, the year-to-date (YTD) return fell to 30.80 per cent, and analysis of yesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 14.73 per cent.
A total of 216.07m shares valued at N3.55billion were exchanged in 5,965 deals. UBA (+2.28%) led the volume and value charts with 32.62million units traded in deals worth N579.35million.
Market breadth closed negative at a 1.19-to-1 ratio with declining issues outnumbering advancing ones. STANBIC (-10.00%) led eighteen (18) others on the laggards log while NASCON (+5.45%) topped fifteen (15) others on the leader’s table.
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