WED. 25 JANUARY, 2023-theGBJournal| Nigerian equities market closed lower today, following a loss in Tuesday’s session, as profit-taking activities in GEREGU (-5.9%) and MTNN (-0.4%) triggered a 2bps decline in the benchmark index.
The NGX All-Share Index settled at 52,599.65 points. Consequently, the Year-to-Date return moderated to +2.6%, while market capitalization shed N7.03bn to close at N28.65trn.
The total volume traded declined by 34.3% to 119.84 million units, valued at N2.69 billion, and exchanged in 3,552 deals. MBENEFIT was the most traded stock by volume at 11.26 million units, while GEREGU was the most traded stock by value at N1.14 billion, respectively.
By sectors, the Insurance (-0.7%) and Banking (-0.3%) indices declined, while the Industrial Goods and Oil & Gas indices closed flat. The Consumer Goods (+0.3%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was positive (1.6x), as 21 tickers gained relative to 16 losers. RTBRISCOE (+10.0%) and TRIPPLEG (+10.0%) topped the gainers’ list, while THOMASWY (-9.7%) and CORNERST (-6.9%) recorded the most significant losses of the day.
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