THUR, FEB 22 2024-theGBJournal| The Nigeria equities nudged slightly lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.12% to close at 101,239.10 points.
Selloffs in UBA (-0.42%) ACCESSCORP (-2.55%) and STANBIC (-8.33%) offsets investors interest in ZENITHBANK (+0.70%), GTCO (+2.46%) and FBNH (+1.05%) putting the market in the red.
Consequently, the market is on track for a week of loss, as the ASI year-to-date (YTD) return slipped to 35.39%, while market capitalization shed N67.45 billion to close at N55.40 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 24.54%. A total of 253m shares valued at N4.94 billion were exchanged in 7,248 deals.
FBNH (+1.05%) led both the volume and value chart with 31.86m units traded in deals worth N9.17 billion
Market breadth closed negative at a 1.42-to-1 ratio with declining issues outnumbering the advancing ones. DAARCOMM (-10.00%) topped twenty-six (26) others on the loser’s table while SUNUASSUR (+10.00%) led eighteen (18) others on the leader’s log.
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