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Daily Market Wrap
Equities: Banking bellwethers hovering around support
NSE All-Share Index declines by 29bps
Trading on the Lagos bourse ended on a tepid note today as the benchmark index edged lower by 0.29% to close at 38,601.83 points. Downturn on MTNN (-2.38%), ZENITHBANK (-0.45%), WAPCO (-0.48%) and JBERGER (-5.00%) dragged broader market index lower while sustained selloffs on GUINNESS (-9.91%) and CHAMPION (-9.09%) pinned performance on the brewer’s counter to the reds. Activities on the bourse today was relatively thin — with value of trades settling at ₦2.91 billion (though higher than a meagre ₦1.36 billion traded yesterday). In all, year-to-date (YTD) return eased to -4.14% while market capitalization lessened by ₦57.9 billion to close at ₦20.20 trillion.
|Volume(millions)||208.80||7.62%||31.75 bn units|
|Value(₦ ‘b)||2.91||113.27%||₦317.62 billion|
|Market Cap.(₦ ‘tr)||20.20||-0.29%||-3.82%|
Updated:Wed, 14th April, 2021 08:23am
Updated: Wed, 3rd July, 2019 at 7:30am
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