TUE MAR 24 2026-theGBJournal| Nigeria’s equities market kicked off the week in negative territory, with the NGX All-Share Index declining by 107 basis points to close at 199,014.02 points, slipping back below the 200,000-point mark in the first trading session.
The downturn reflects renewed profit-taking by investors following recent gains, as market participants reposition portfolios amid lingering macroeconomic uncertainties and cautious sentiment.
The YTD return moderated to 27.89% from 29.27% in the prior session, while market capitalisation shed N1.38 trillion (-1.07%) to close at N127.75 trillion.
The negative close was driven by selloffs in GTCO (-8.18%), NB (-7.28%), MTNN (-6.46%), WEMABANK (-3.33%), and ZENITHBANK (-2.27%), which outweighed buying interest in PRESCO (+10.00%), OANDO (+6.04%), BERGER (+5.71%), and WAPCO (+1.24%).
Market activity was notably subdued, with traded volume and value declining 86.00% and 58.99%, respectively.
UBA (-0.72%) topped the volume chart with 114.18mn units traded, while MTNN (-6.46%) led on value with N17.45 billion.
Market breadth closed positive at 2.19x, with advancers outnumbering decliners. PRESCO (+10.00%) led the 46 gainers, while CONHALLPLC (-9.64%) topped the 21 decliners.
Meanwhile, the NASD market opened the week on a positive note, as the NASD Securities Index (NSI) gained 0.84% to settle at 4,149.38 points, with market capitalisation closing in tandem at N2.48 trillion.
Market activity, however, weakened relative to the prior session, with traded volume and value declining 99.90% and 99.39%, respectively.
SDFCWAMCO (+3.45%) led the gainers, while SDGEFKUID (-1.34%) was the sole decliner of the session.
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