TUE, JAN 30 2024-theGBJournal| The NGX Exchange broke its thirteen days win streak as the NGX All-Share Index fell by 1.50% to settle at 103,106.85 points.
Market breadth closed negative at a 7.14-to-1 ratio with declining issues outnumbering the advancing ones. ACCESSCORP (-10.00%) topped forty-nine others on the laggard’s table while UPDC (+8.11%) led six others on the leader’s log.
Losses in Tier-1 banks namely, ZENITHBANK (-7.14%), GTCO (-6.29%) and UBA (-9.67%) offset the gains in GEREGU (+4.61%), ETI (+0.38%) and WEMABANK (+1.21%) dragging down the market.
Consequently, the year-to-date (YTD) return decreased to +37.89%, while the market capitalization slipped by N856.17 billion to close at N56.43 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 57.26%. A total of 648.95m shares valued at N11.09 billion were exchanged in 14,579 deals.
JAPAULGOLD (-9.06%) led the volume chart with 59.80m units traded while UBA (-9.67%) led the value chart with deals worth N1.23 billion.
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