MON APRIL 08 2024-theGBJournal| The Nigerian equities market started the week today on a negative native note as the benchmark Index fell 0.38% to settle at 103,047.23 points.
Profit taking in Tier-1 banking tickers, GTCO (-4.17%), FBNH (-4.75%) and ZENITHBANK (-2.24%) dragged the market.
As a result, the year-to-date (YTD) return slipped to 37.81%, while the market capitalization shed N220.81bn to close at N58.28 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 82.80%.
A total of 245.86m shares valued at N3.22bn were exchanged in 5,302 deals. ABBEYBDS (-9.75%) led the volume chart with 137.21m units traded while GTCO (-4.17%) led the value charts in deals worth N1.55 billion.
Market breadth closed negative at a 0.77-to-1 ratio with declining issues outnumbering the advancing ones. ABBEYBDS (-9.75%) topped twenty-one others on the laggard’s table while MORISON (+9.91%) led sixteen others on the leader’s log.
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