…The benchmark index, the NGX All-Share Index fell 47bps to settle at 98,523.56 points
…the ASI year-to-date return also slipped to 31.76% while the market capitalization lost N266.55 billion to close at N56.61 trillion
THUR SEPT 26 2024-theGBJournal| Both the NGX benchmark index and market capitalization fell on Thursday after sell pressure resurfaced in the market.
The benchmark index, the NGX All-Share Index fell 47bps to settle at 98,523.56 points, the ASI year-to-date return also slipped to 31.76% while the market capitalization lost N266.55 billion to close at N56.61 trillion.
Sell pressure in telco heavyweight, MTNN (-4.40%), OANDO (-2.67%) and UBA (-2.46%) encumbered gains in GTCO (+0.32%), ZENITHBANK (+0.13%) and FBNH (+1.72%), putting the market in the red.
Today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 47.44%.
A total of 344.36 million units valued at N6.61 billion were exchanged in 9,005 deals. UBA led the volume and value charts with 29.18 million units traded in deals worth N756.09 million.
Market breadth closed positive at a 1.08-to-1 ratio with advancing issues outnumbering declining ones.
FTNCOCOA (+9.82%) topped twenty-six others on the leader’s log, while CAVERTON (-9.73%) led twenty-four others on the laggard’s table.
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