…The year-to-date (YTD) return slipped to 30.36%
…The naira appreciated by 0.2% to N1,622.57/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM)
THUR OCT 10 2024-theGBJournal| The Nigerian equities market sustained its bearish momentum Thursday as the benchmark index closed 0.01% weaker to settle at 97,477.19 points.
Gains in GTCO (+1.59%), ZENITHBANK (+0.40%) and OANDO (+2.79%) were encountered by selloffs in UBA (-1.67%), ACCESSCORP (-0.77%) and FIDELITYBK (-3.36%) keeping the market in the negative terrain.
The year-to-date (YTD) return slipped to 30.36%, while market capitalization shed by N5.72 billion to close at N56.01 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 33.07%. A total of 277.75m shares valued at N4.65 billion were exchanged in 7,091 deals.
FIDELITYBK led the volume chart with 43.34 million units traded, while UBA led the value charts in deals worth N956.67 million.
Market breadth closed positive at a 1.10-to-1 ratio with advancing issues outnumbering declining ones. REGALINS (+10.00%) topped twenty-two others on the leader’s log, while DAARCOMM (-10.00%) led twenty others on the laggard’s table.
Meanwhile, the naira appreciated by 0.2% to N1,622.57/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
