Trading on the Lagos bourse ended on a tepid note today as the benchmark index slipped by 0.12% to close at 41,099.15 points. The indicator's performance was bruised by losses recorded across board, notably on select midcap stocks. Investors booked profit on major insurance names while sustained selloffs on consumer goods tickers pressured the index to a negative close. Heavyweight MTNN (-0.12%) and DANGCEM (-0.21%) gave up marginal points while TRANSCORP (-9.38%), FLOURMILL (-2.77%), and GLAXOSMITH (-2.78%) closed in the reds. Summarily, year-to-date (YTD) return tapers to 2.06% while market capitalization lessened by ₦25.4 billion to close at ₦21.50 trillion.
NSE Sector Indices: Performance of sector indices under our coverage closed on a mixed note today. NSE Insurance , NSE Banking, and NSE Consumer Goods Index declined by 6.70%, 0.23%, and 0.30% respectively while NSE Industrial and NSE Oil & Gas Index edged higher by 0.27% and 0.15% apiece.
Meanwhile, market activities closed on a higher note with volume and value of trades advancing by 72.6% and 38.7% respectively. A total of 1,121 million units of shares "â€ valued at ₦6.39 billion were traded in 7,404 deals. TRANSCORP (-9.38%) led the volume chart with 428 million units traded while GUARANTY (-0.15%) led the value chart with deals worth over ₦2.04 billion.
Market breadth closed negative at a 0.28-to-1 ratio with declining issues outnumbering advancing ones. NNFM (+10.00%) topped fouteen (14) others on the gainer's log while PRESTIGE (-10.00%) led forty-nine (49) others on the laggard's table.