WorldStage Newsonline– Trading on the Nigerian Exchange (NGX) witnessed a slight drop after yesterday’s rally, bringing the All-Share Index down by 0.07% to close at 95,831.51 points.
Tier-1 banks, GTCO (-0.66%), FBNH (-1.21%) and UBA (-1.79%) were the major drivers of the market’s weak performance, despite gains in Transco Hotel (+2.09%), Access Corp (+0.26%) and WAPCO (+1.08%).
Consequently, the year-to-date (YTD) return fell to 28.16%, with the market capitalisation gaining ₦599.43bn to close at ₦55.05trn.
A breakdown of the analysis of today’s market activities showed trade turnover settled lower relative to the previous session. While the value of transactions lost 5.66%, a total of 360.56m shares (down from 1.01bn in the previous session) valued at ₦7.25bn were exchanged in 8,813 deals.
Oando (-8.66%) led the volume and value charts with 66.23m units traded in deals worth ₦2.69bn.
Market breadth closed positive at a 1.39-to-1 ratio with advancing issues outnumbering the declining ones.
Ikeja Hotel (+10.00%) topped 24 others on the leader’s table while UPL (-9.40%) led 17 others on the laggard’s log.
