NGX All-Share Index slips, down 0.11% on Tuesday

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BY BAMIDELE FAMOOFO

Uba Group

The domestic bourse ended lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.11 percent to close at 49,163.81 points.

Investors interest in ZENITHBANK (+1.00%) was offset by selloffs in GTCO (-0.53%), FBNH (-0.99%), ACCESSCORP (-4.55%) and UBA (-1.39%) putting the market in the red. As a result, the year-to-date (YTD) return fell to 15.09 percent, as market capitalization shed N29.42bn to close at N26.52trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 87.77 percent. A total of 139.24m shares valued at N1.60bn were exchanged in 3,421 deals. TRANSCORP (+0.00%) led the volume chart with 38.46m units traded, while ZENITHBANK (+1.00%) led the value chart in deals worth N710.83m.

Market breadth closed negative at a 1.21-to-1 ratio with declining issues outnumbering advancing ones. MAYBAKER (-9.79%) topped sixteen (16) others on the laggard’s table, while MULTIVERSE (+10.00%) led thirteen (13) others on the leader’s log.