THUR, OCT 26 2023-theGBJournal|The bears continued to dominate the Lagos bourse as the NGX All-Share Index succumbed to a second successive loss, falling by 0.18% to close at 67,084.95 points.
Specifically, selloffs in MTNN (-0.40%), ZENITHBANK (-0.75%), and GTCO (-1.55%) dragged the overall market offsetting gains in NESTLE (+2.94%), UBA (+0.27%), and ACCESSCORP (+0.59%). Howbeit, the market remains on track for a week of gain.
The year-to-date (YTD) return slipped to 30.89%, while the market capitalization contracted by N66.59bn to close at N36.86trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.88%. A total of 267.65m shares valued at N5.11bn were exchanged in 5,205 deals.
FIDELITYBK (-1.82%) led the volume chart with 39.83m units traded, while NESTLE (+2.94%) led the value chart in deals worth N1.75bn.
Market breadth closed negative at a 1.73-to-1 ratio with declining issues outnumbering declining ones. INTBREW (-9.78%) led eighteen (18) others on the laggard’s log while UACN (+6.09%) topped ten (10) others on the leader’s table.
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