The domestic bourse started the week’s trading on a bearish note following sell pressure in ZENITHBANK (-3.6%) and FBNH (-2.6%). Consequently, the NGX ASI declined by 0.1 per cent to close at 98,132.15 points.

Accordingly, the Month-to-Date and Year-to-date returns printed -1.9 per cent and +31.2 per cent, respectively. The total volume of trades declined by 65.3 per cent to 379.13 million units, valued at N8.71 billion, and exchanged in 10,096 deals.

UBA was the most traded stock by volume at 69.06 million units, while SEPLAT was the most traded stock by value at N2.71 billion, respectively.

On sectors, the Banking (-1.0%) and Consumer Goods (-0.1%) indices posted losses, while the Oil & Gas (+1.3%) and Insurance (+0.2%) indices posted gains.

The Industrial Goods index closed flat. As measured by market breadth, market sentiment was mixed as an equal number of ticker (21) gained and lost.

CAVERTON (-10.0%) and WAPIC (-9.3%) recorded the highest losses of the day, while AFRIPRUD (+10.0%) and CUTIX (+9.9%) topped the gainers’ list.