MON 28 MARCH, 2022-theGBJournal| Opening the week, Nigerian equities closed the trading session weaker as the All-Share index lost 0.14% to close at 46,898.23 points – the lowest point since 31 January 2022.
Losses in banking names, FCMB (-6.89%), ZENITHBANK (-2.28%) and FBNH (-2.11%) offset buying interests in ACCESSCORP (+3.02%), MTNN (+1.47%) and GTCO (+0.43%), keeping the market in the red. Consequently, the year-to-date (YTD) return fell to 9.79%, while market capitalization lost N35.57bn to close at N25.28trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 37.54%. A total of 359.89m shares valued at N2.61bn were exchanged in 5,163 deals. TRANSCORP (-6.54%) led the volume chart with 92.00m units traded, while SEPLAT (+0.00%) led the value chart in deals worth N368.37m.
Market breadth closed flat at a 1-to-1 ratio with advancing issues equalling declining ones. BETAGLAS (+9.92%) topped seventeen (17) others on the gainer’s log, while LEARNAFRICA (-9.68%) led seventeen (17) others on the laggard’s table.
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