TUE 29 MARCH, 2022-theGBJournal| Today, the domestic bourse extended losses in the second consecutive session of the week as the benchmark index lost 0.12% to close at 46,843.09 points.
The market’s weak performance was underpinned by sustained selloffs in banking names, ZENITHBANK (-1.27%), STANBIC (-2.30%) and ACCESSCORP (-1.95%). In addition, losses in INTBREW (-10.00%) despite gains in GTCO (+0.22%), UBA (+0.65%) and FBNH (+0.86%) contributed to the overall performance. Consequently, the year-to-date (YTD) return fell to 9.66%, while market capitalization lost N29.71bn to close at N25.25trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 31.43%.
A total of 214.33 million shares valued at N1.79bn were exchanged in 4,125 deals. CHAMS (-4.76%) led the volume chart with 30.40m units traded, while ACCESSCORP (-1.95%) led the value chart in deals worth N305.51m.
Market breadth closed negative at a 1.13-to-1 ratio with declining issues outnumbering advancing ones. INTBREW (-10.00%) led seventeen (17) others on the laggard’s table, while PZ (+9.80%) topped fifteen (15) others on the gainer’s log.
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