Bucking the trend, the domestic equities market turned negative, as the benchmark index pared by 1.18% — the first decline in 2020 — to settle at 29,283.15 points.

The loss was spurred by investor sell-offs of MTNN (-3.40%), NB (-4.95%) and Dangote Cement (-2.00%).

Elsewhere, the total volume of trades increased by 91.47% to 666.78 million units, valued at NGN6.52 billion and exchanged in 5,711 deals.

Uniondac was the most traded stock by volume at 340.21 million units while MTNN was the most traded stock by value at NGN1.54 billion respectively.

All sector indices close in negative, with the Insurance (-2.03%) leading the pack, as the Consumer Goods (-1.65%), the Banking (-1.07%), the Industrial Goods (-0.29%) and the Oil & Gas (-0.19%) sector indices all followed suit.

Market sentiment, as measured by market breadth, was negative (0.6x), as 22 tickers recorded declines while 13 tickers recorded gains.

Tourist (-10.00%) and NEM (-9.69%) recorded the largest declines, while Betaglas (+9.67%) and CI Leasing (+8.89%) topped the gainer’s list.

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