The domestic bourse opened the week on a negative note, as the All-Share Index declined by 0.24 per cent to close at 67,037.93 points. Selloffs in STANBIC (-10.00 per cent), WAPCO (-1.02 per cent) and UBN (-2.16 per cent) offset gains in ZENITHBANK (+0.47 per cent), GTCO (+0.29%) and ACCESSCORP (+1.89 per cent) to drive the market’s weak performance. As a result, the year-to-date (YTD) return fell to 30.80 per cent, and the market capitalization shed ₦89.42 billion to close at ₦36.83 trillion.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 14.73 per cent. A total of 216.07 million shares valued at ₦3.55 billion were exchanged in 5,965 deals. UBA (+2.28 per cent) led the volume and value charts with 32.62m units traded in deals worth ₦579.35 million.

Market breadth closed negative at a 1.19-to-1 ratio with declining issues outnumbering advancing ones. STANBIC (-10.00 per cent) led 18 others on the laggards log while NASCON (+5.45 per cent) topped 15 others on the leader’s table.