THUR. 08 DEC, 2022-theGBJournal| The NGX Exchange ended its four-day winning streak as the benchmark index shed 0.13% to close at 48,365.14 points.
Selloffs in telco heavyweight, MTNN (-2.27%) as well as GTCO (-0.48%), and WAPCO (-0.46%) underpinned the market’s weak performance despite gains in BUACEMENT (+2.44%), ZENITHBANK (+0.23%) and UBA (+0.69%).
Consequently, the year-to-date (YTD) return fell to 13.22%, while market capitalization lost N33.42bn to close at N26.34trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 11.20%.
A total of 148.16m units of shares valued at N2.98bn were exchanged in 3,391 deals. ETI (+2.86%), led the volume chart with 26.36m units traded, while MTNN (-2.27%) led the value chart in deals worth N1.19bn.
Market breadth closed positive at a 1.75-to-1 ratio with advancing issues outnumbering declining ones. CHAMS (+9.09%) led thirteen others on the leader’s table, while HONYFLOUR (-9.09%) topped seven others on the laggard’s log.
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