TUE JUNE 04 2024-theGBJournal| Bearish sentiment extended in today’s trading session as the All-Share Index closed 0.07% lower to settle at 99,051.02 points.
Selloffs in blue-chip ZENITHBANK (-3.03%), FBNH (-1.57%), and UBA (-4.11%) offset the gains in PRESCO (+9.99%) and NB (+10.00%) underpinning the market’s weak performance.
Consequently, the ASI year-to-date (YTD) return fell to 32.47%, while market capitalization lost N38.24 billion to close at N56.03 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.19%. A total of 347.39m shares valued at N7.66 billion were exchanged in 8,122 deals.
VERITASKAP (+7.81%) led the volume chart with 59.17m units traded while AIRTELAFRI (+0.00%) led the value chart in deals worth N2.43 billion.
Market breadth closed negative at a 0.73-to-1 ratio with declining issues outnumbering the advancing ones.
TANTALIZER (-10.00%) topped twenty-one others on the laggard’s table while NB (+10.00%) led fifteen others on the leader’s log.
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