THUR, DEC 07 2023-theGBJournal|The Nigerian equities market slipped Thursday, reversing the gains in previous trading session.
The benchmark index, the NGX All-Share Index, lost 0.49% to close at 71,457.92 points.
Selloffs in Tier 1 banks namely, ZENITHBANK (-2.35%) GTCO (-1.76%) and UBA (-0.45%) outweighed gains in NB (+0.13%) INTERBREW (+5.63) and STERLINGNG (+1.83) putting the market in the red.
The year-to-date (YTD) return fell to 39.43%, as market capitalization shed N191.92 billion to close at N39.10 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 15.64%.
A total of 436.56 million shares valued at N7.55bn were exchanged in 7,096 deals. UNIVINSURE (+8.00%) led the volume chart with 52.73 million units traded while NB (+0.13) led the value chart in deals worth N1.39 billion.
Market breadth closed negative at a 1.23-to-1 ratio with declining issues outnumbering advancing ones. FBNH (-9.98%) topped twenty-six others on the laggard’s table while MULTIVERSE (+9.91%) led twenty-one others on the leader’s log.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com
