MON, 14 NOV, 2022-theGBJournal| Nigerian equities opened the week on a negative note, as the All-Share Index declined by 0.30% to close at 43,837.89 points. Selloffs in MTNN (-2.40%) offset gains in GTCO (+0.85%), FBNH (+2.44%) and ACCESSCORP (+1.24%) to drive the market’s weak performance.
As a result, the year-to-date (YTD) return fell to 2.63%, and the market capitalisation shed N71.85bn to close at N23.88trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 17.05%. A total of 187.09m shares valued at N2.54bn were exchanged in 3,324 deals. ACCESSCORP (+1.24%) led the volume chart with 87.92m units traded while MTNN (-2.40%) led the value chart in deals worth N764.37m.
Market breadth closed positive at a 1.33-to-1 ratio with advancing issues outnumbering declining ones. FTNCOCOA (+9.68%) topped eleven (11) others on the gainer’s table, while UNITYBNK (-5.26%) led eight (8) others on the laggard’s log.
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