…The year-to-date return at 33.39%.
…Friday’s negative performance was driven by declines in the banks, particularly FBNH (-3.42%), GTCO (-2.00%), and ZENITHBANK (-0.14%)
SAT JUNE 22 2024-theGBJournal|The NGX Exchange closed trading Friday on a gloomy note, with the benchmark All-Share Index (ASI) dipping 10bps day-on-day and 18bps week-on-week to settle at 99,743.05points.
All other indices finished lower with the exception of NGX Main Board, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Lotus II, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond which appreciated by 0.18%, 0.20%, 1.12%, 1.07%, 0.29%, 0.21%, 0.58%, 0.10%, 0.17% and 9.80% respectively while the NGX ASeM index closed flat.
The market performance brought the year-to-date return to 33.39%.
Friday’s negative performance was driven by declines in the banks, particularly FBNH (-3.42%), GTCO (-2.00%), and ZENITHBANK (-0.14%), which diluted the gains in UCAP (+5.58%).
Consequently, market capitalization saw a decrease of N0.06 trillion to N56.43 trillion.
Despite this, the market breadth was positive at 2.17x, as 52 gainers outweighed 24 decliners.
On a weekly perspective, both volume and value of trades witnessed an uptrend, increasing by 94.03% and 129.21% to 617.22 million units and N11.35 billion, respectively.
Within the weekly volume leaderboard, FIDELITYBK led with 1.25 billion units traded, followed by FBNH at 1.09 billion units and VERITASKAP at 135.73 million units.
In terms of trade value, FBNH emerged as the top equity with transactions totaling N23.84 billion, with FIDELITYBK and GTCO trailing at N13.44 billion and N3.35 billion, respectively.
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