…Selloffs in MTNN (-0.52%), GTCO (-0.31%) and FBNH (-4.44%) were the primary drivers of the broader index relapse
WED OCT 02 2024-theGBJournal| The NGX benchmark index, the All-Share Index relapsed by 33bps to close at 98,232.39 points on Wednesday, the first trading day of the month.
Selloffs in MTNN (-0.52%), GTCO (-0.31%) and FBNH (-4.44%) were the primary drivers of the broader index relapse.
Accordingly, the ASI year-to-date return slipped to 31.37%, while market capitalization lost N187.56 billion to close at N56.45 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 92.43%.
A total of 425.76m shares valued at N8.45 billion were exchanged in 11,954 deals. UBA (-4.59%) led the volume and value charts with 108.02m units traded in deals worth N3.01 billion
Market breadth closed negative at a 0.83-to-1 ratio with declining issues outnumbering advancing ones. ELLAHLAKES (-9.93%) led twenty-nine (29) others on the laggard’s table, while INTBREW (+9.98%) topped twenty-four (24) others on the leader’s log.
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