TUE, 17 MAY, 2022-theGBJournal | Nigerian equities extended losses from the previous session as the All-Share Index closed 0.36% lower at 52,756.62 points, the lowest level since 11 May.
The market’s weak performance was driven by losses in MTNN (-1.73%), FLOURMILL (-9.20%), and ZENITHBANK (-1.03%). As a result, the year-to-date (YTD) return fell to 23.50%, with the market capitalisation shedding N101.36bn to close at N28.44trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 55.62%. A total of 1.32bn shares valued at N7.72bn were exchanged in 6,449 deals. FCMB (+0.00%) led the volume and value charts with 775.09m units traded valued at N2.96bn.
Market breadth closed negative at a 0.74-to-1 ratio, with declining issues outnumbering advancing ones. FLOURMILL (-9.20%) topped twenty-seven (27) others on the laggard’s log, while PZ (+9.96%) led twenty (20) others on the leader’s table.
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