WED SEPT 04 2024-theGBJournal| The Nigerian equities market lost N193.16 billion in market value Wednesday with the benchmark index, NGX All-Share Index (ASI), dropping 35bps to close at 96,537.48 points.
Selloff in Tier-1 banking tickers GTCO (-0.43%), ZENITHBANK (-2.35%) UBA (-2.26%) and ACCESSCORP (-2.05%) were the primary drivers of the market’s relapse. Consequently, the ASI year-to-date return decreased to 29.11%.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 21.43%. A total of 389.23 million shares valued at N8.18 billion were exchanged in 12,039 deals.
OANDO (-10.00%) led the volume and value chart with 37.18m units traded in deals worth N3.10 billion
Market breadth closed negative at a 0.68-to-1 ratio with declining issues outnumbering the advancing ones.
OANDO (-10.00%) topped thirty others on the laggard’s table while DAARCOMM (+10.00%) led twenty (20) others on the leader’s log.
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