…Trade turnover settled lower relative to the previous session, with the value of transactions down by 10.90%.
…HONYFLOUR (-10.00%) topped forty-one others on the laggard’s table while ETERNA (+6.17%) led six others on the leader’s log.
…Market capitalization shed N729.16 billion to close at N55.30 trillion
TUE, FEB 20 2024-theGBJournal| The NGX Exchange benchmark index, the All-Share Index fell 1.30% to close at 101,060.67 points with market breadth closing on negative note at a 6.00-to-1 ratio.
Declining issues outnumbered the advancing ones. HONYFLOUR (-10.00%) topped forty-one others on the laggard’s table while ETERNA (+6.17%) led six others on the leader’s log.
Bearish sentiment in BUACEMENT (-9.98%), ZENITHBANK (-0.14%), and GTCO (-0.38%) overturned the gains in GEREGU (+3.68%), WAPCO (+1.25%) and ETERNA (+6.17%) causing the drag in the market.
Consequently, the ASI’s year-to-date (YTD) return fell to 35.16%, while the market capitalization shed N729.16 billion to close at N55.30 trillion.
Trade turnover settled lower relative to the previous session, with the value of transactions down by 10.90%.
A total of 256.16m shares valued at N6.63 billion were exchanged in 8,783 deals. TRANSCORP (-5.80%) led the volume chart with 39.75 million units traded while GEREGU (+3.68) led the value chart in deals worth N1.11 trillion.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
