TUE 15 MARCH, 2022-theGBJournal| Nigerian equities were bearish as the NGX All-Share Index closed 0.19% lower at 47,340.86 points, marking its second successive decline.
Continued selloffs in SEPLAT (-3.03%) dragged the index following the pullback in oil prices. In addition, declines in GTCO (-1.87%) and MTNN (-0.24%) contributed to the broader market fall.
As a result, the ASI’s year-to-date (YTD) return fell to 10.83%, while the market capitalisation lost N47.33bn to close at N25.51trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 68.48%. A total of 183.26m shares valued at N2.48bn were exchanged in 3,779 deals.
UBA (-2.30%) led the volume chart with 23.41m units traded, while SEPLAT (-3.03%) led the value chart with deals worth ₦531.29m.
Market breadth closed negative at a 1.47-to-1 ratio, with declining issues outnumbering advancing ones. CORNERST (-8.82%) topped twenty-one (21) others on the laggard’s table, while VERITASKAP (-4.76%) led fourteen (14) others on the leader’s log.
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