MARKET REVIEW

The Nigerian Equity Market dipped in red in today's trading session. This led to a -0.18% decline in the All-Share Index contributing to a year-to-date return of 39.02%. The bearish outings were a result of sell-offs which reduced the market capitalization to settle at #58.78trn. Market Breadth which is the measure of investors' sentiment was 1.04x compared to the previous day market breadth of 0.66x.

GAINERS & LOSERS, VOLUME&VALUE DRIVERS, COMMODITIES RATES

The total number of gainers were 25 chiefly led by stocks of ABBEYBDS, CONHALLPLC and JULI with 10.00%, 9.92%, and 9.80% gains each. Whereas, the number of losers stood at 24 led by UPDC, UCAP and SOVRENINS with -9.85%, -8.75%, and -8.33% loss independently. The Volume and Value drivers of the day's market trend were led by stocks of GTCO, UBA and ZENITHBANK etc.        

Transaction Volume for the day recorded 374.41milion, compared to the previous day volume of 306.82million trades valued at ₦11.29billon from the 4,949 deals executed. The number of stocks engaged at the end of today's trading session closed at 120.

At the time of writing this report, Brent Crude was trading at $86.57/barrel, WTI at $81.95/barrel, OPECBASKET was trading at $84.88/barrel while Gold was trading at $2,183.10/ounce on the international Commodities Market. The U.S Dollar Index which is a measure of the value of the U.S. dollar relative to a basket of foreign currencies closed at 104.12 index points.