The NGX All-Share Index relapsed by 24bps on Thursday to close at 100,063.32 points.

Selloff in telco heavyweight MTNN (-6.54%) and WAPCO (-1.41%) offset sustained demand for ZENITHBANK (+4.46%), FBNH (+4.13%) and UBA (+3.52%), driving the weak performance.

This decline leaves the market’s direction for the week unclear.

The ASI year-to-date (YTD) return decreased to 33.82 percent, while the market capitalization lost ₦133.59 billion to close at ₦56.60 trillion.

Analysis of the day’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 164.30 percent.

A total of 863.58 million units of shares valued at ₦12.56 billion were exchanged in 7,931 deals.

FIDELITYBK (+0.00%) led the volume and value chart with 539.40 million units traded in deals worth ₦5.66 billion.

Market breadth closed negative at a 0.96-to-1 ratio with declining issues outnumbering advancing ones.

DAARCOM (-8.33%) topped twenty-three (23) others on the laggard’s log, while OANDO (+9.93%) led twenty-two (22) others on the leader’s table.