THUR, APRIL. 13 2023-theGBJournal | The Nigerian equities market ended Thursday’s trading mixed with a bearish tilt as the benchmark Index shed 0.02% to settle at 51,944.58 points.
The loss puts the index on track for its fifth consecutive weekly loss. Gains in GTCO (+0.21%), WAPCO (+3.48%) and ACCESSCORP (+1.15%) were offset by losses in ZENITHBANK (-1.76%), NB (-0.41%) and FIDELITYBK (-5.47%).
As a result, the ASI’s year-to-date (YTD) return fell to 1.35%, while the market capitalization shed N4.81bn to close at N28.30trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 13.20%. A total of 302.92m shares valued at N2.02bn were exchanged in 3,743 deals. TRANSCORP (+10.00%) led the volume chart with 107.21m units traded, while ZENITHBANK (-1.76%) led the value chart in deals worth N521.30m.
Market breadth closed negative at a 1.14-to-1 ratio with declining issues outnumbering advancing ones. MAYBAKER (-10.00%) topped fifteen (15) others on the laggard’s table while TRANSCORP (+10.00%) topped thirteen (13) others on the leader’s log.
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