MON, 23 MAY, 2022-theGBJournal | Nigerian equities extended losses from the previous session as the All-Share Index slid 0.13% to close at 52,911.51 points.
On market movers, the weak performance was driven by losses in PRESCO (-10.00%), GTCO (-0.84%), WAPCO (-1.22%) and UACN (-8.33%). As a result, the year-to-date (YTD) return fell to 23.87%, with the market capitalization sheddingN36.90bn to close at N28.53trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 10.15%. A total of 263.34m shares valued at N3.55bn were exchanged in 4,856 deals. JAIZBANK (-6.67%) led the volume chart with 114.00m units traded while PRESCO (+10.00%) led the value chart with deals worth N1.19bn.
Market breadth closed negative at a 1.1-to-1 ratio, with declining issues outnumbering advancing ones. PRESCO (-10.00%) topped twenty-two (22) others on the laggard’s log, while CONOIL (+9.95%) led twenty (20) others on the leader’s table.
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