Trading on the NGX bourse ended on a tepid note today as the benchmark index edged lower by 0.27% to close at 38,545.30 points.
Gains printed by select industrial tickers — JBERGER (+4.71%), VITAFOAM (+2.48%) and WAPCO (+0.48%) could not swing the index to the green territory, as selloffs on AFRIPRUD (-1.56%), FCMB (-1.25%), ETI (-0.96%) and OANDO (-1.68%) pinned the market gauge to the reds. In all, year-to-date (YTD) return eased to -4.28% while market capitalization contracted by ₦54 billion to close at ₦20.09 trillion.
Market activities settled lower, with volume and value of trades declining by 5.18% and 30.27%, respectively. A total of 209 million units of shares — valued at ₦1.76 billion were traded in 3,390 deals. ACCESS (0.00%) led the volume chart with 22 million units while ZENITHBANK (+0.42%) led the value chart with deals worth over ₦384 million.
Market breadth closed negative at a 0.95-to-1 ratio, with declining issues outnumbering advancing ones. MEYER (+8.77%) topped seventeen (17) others on the gainer’s log, while FIDSON (-9.80%) led eighteen (18) others on the laggard’s table.
