TUES, 28 JUNE, 2022-theGBJournal| Today, the domestic bourse ended its five-day winning streak as the benchmark index shed 0.31% to close at 51,803.98 points. Selloff in index heavyweight, MTNN (-2.04%) as well as Tier-1 banks, ACCESSCORP (-1.60%), GTCO (-0.72%) and ZENITHBANK (-0.23%) underpinned the market’s weak performance despite the sustained price performance in FBNH (+2.75%) and NB (+1.81%).
Consequently, the year-to-date (YTD) return moderated to 21.27%, while market capitalization lost N85.65bn to close at N27.93trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 393.67%. A total of 314.61m units of shares valued at N12.85bn were exchanged in 4,708 deals. LIVINGTRUST (+0.00%), led the volume chart with 100m units traded, while MTNN (-2.04%) led the value chart in deals worth N9.87b.
Market breadth closed negative at a 1.90-to-1 ratio with declining issues outnumbering advancing ones. UPL (-9.72%) led eighteen (18) others on the laggard’s table, while SOVRENINS (+8.00%) topped nine (9) others on the gainer’s log.
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