The Nigerian Exchange (NGX) closed lower on Monday, with the All-Share Index (ASI) dropping by 0.24% to 141,498.22 points, as sell pressures wiped out ₦219.63 billion in market value.
The year-to-date return moderated to 37.48%, while total market capitalisation fell to ₦89.52 trillion.
Losses in Nigerian Breweries (-7.64%), UBA (-2.71%), GTCO (-1.06%), OANDO (-5.76%), and First HoldCo (-1.88%) overshadowed gains in Zenith Bank (+2.66%), International Breweries (+3.23%), AccessCorp (+0.77%), and Jaiz Bank (+2.97%).
Market breadth closed negative at 0.8x, with 21 gainers and 28 decliners. ROYALEX (+9.80%) led gainers, while MCNICHOLS (-10%) was the worst performer.
Trading activity was mixed: volume rose 12.25% to 488.56 million units, while value dropped 9.32% to ₦13.72 billion across 28,621 deals. UNIVINSURE topped volume (79.6 million units), while Zenith Bank led in value with ₦3.9 billion worth of trades.
Four of six sectoral indices ended negative: Consumer Goods (-0.77%), Oil & Gas (-0.50%), Banking (-0.25%), and Insurance (-0.08%). Industrial Goods and Commodities indices closed flat.
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