GTCO, SEPLAT, MTNN Drive NGX ASI Lower By 0.16% To Close At 47,203.39 Bps

Trading in the domestic bourse kicked off on a negative note following the take-profit attitude of shareholders over GTCO (-0.55%), SEPLAT (-0.46%), and MTNN (-0.65%) shares. Thus, the all-share-index declined further by -0.16% to close at 47,203.39 bps.

As a result, the ASI fell much further away from the 52-week All-Time-High of 47, 329.80 bps, by 126.41 bps.

While the Week-to-Date, fell by -0.16%, the Month-to-Date (M-t-D), and Year-to-Date (Y-t-D) stayed moderated at +1.24%, and +10.50%, respectively.

However, the volume of trade increased by 26.49% to 285.5 million units, which were traded in 5,342 transactions, compared to the previous session's figure of 225.7 million units traded, while the value of shares grew by 115.02%, to close at NGN5.13 billion, as against the NGN2.4 billion traded previously.

As a result, the equity market lost NGN41.20 billion as its cap closed at NGN25,436.20 trillion when compared to the previous session position of NGN25,477.44 trillion.

GTCO (-0.70%) was the most active stock as it dominated the volume and value segments of trade, with 44.9 million units of shares worth NGN1.2 billion traded.

NB, with 18.2 million units valued at NGN872.5 million, and TRANSCORP, with 23.6 million units valued at NGN27.5 million traded, were also notable.

As measured by market breadth, market sentiment was narrowly negative as 22 companies’ stocks lost relative to 21 stocks that gained.

The most gains were made by SUNUASSUR (+10.00%), which closed trading at NGN0.33/unit, SCOA (+9.60%), which closed trading at NGN1.37/unit, PRESTIGE (+7.14%), which closed trading at NGN0.45/unit, and RTBRISCOE (+7.14%), which closed trading at NGN0.30/unit, while OKOMUOIL (-10.00%), which closed trading at NGN127.80/unit, NEM (-9.61%), which closed trading at NGN3.01/unit, GUINEAINS (-9.09%), which closed trading at NGN0.20/unit, and PHARMDEK (-8.59%), which closed trading at NGN1.81/unit, suffered the most losses.