MON 04 APRIL, 2022-theGBJournal| In the first trading session of the week, Nigerian equities extended losses as the All-Share index slipped by 0.33% – the second consecutive session of loss – to close at 46,687.85 points, the lowest point since 31 January 2022.
On market movers, telco heavyweight, MTNN (-0.93%) and Tier-1 banks, FBNH (-3.28%), UBA (-2.60%), ZENITHBANK (-1.79%) and ACCESSCORP (-1.03%) were the primary drivers of the overall market’s weak performance. Consequently, the year-to-date (YTD) return fell to 9.30%, while market capitalization shed ₦83.57bn to close at ₦25.17trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 32.57%. A total of 219.50m shares valued at ₦1.93bn were exchanged in 5,168 deals. TRANSCORP (+3.06%) led the volume chart with 28.94m units traded, while ZENITHBANK (-1.79%) led the value chart in deals worth ₦278.40m.
Market breadth closed positive at a 1.16-to-1 ratio with advancing issues outnumbering declining ones. REDSTAREX (+10.00%) topped twenty-one (21) others on the gainer’s log, while REGALINS (-9.68%) led eighteen (18) others on the laggard’s table.
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