NGX All-Share Index closes flat as market capitalization remains at N24.11trn

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BY BAMIDELE FAMOOFO

Uba Group

Opening the week, Nigerian equities traded with mixed sentiments as the All-Share Index closed flat at 44,269.43 points. Accordingly, the year-to-date return was unchanged at 3.64 percent, while the market capitalization remained N24.11trn.

Analysis of Monday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 51.63 percent. A total of 103.27m shares valued at N2.14bn were exchanged in 3,206 deals. ZENITHBANK (+0.76%) led the volume chart with 15.13m units traded, while GEREGU (-3.42%) led the value chart in deals worth N1.20bn.

Market breadth closed negative at a 1.89-to-1 ratio with declining issues outnumbering advancing ones. LEARNAFRICA (-9.52%) topped sixteen (16) others on the laggard’s table, while CUTIX (+6.83%) led eight (8) others on the laggard’s log.