THUR. 16 FEB, 2023-theGBJournal| Nigerian equities market was mixed Thursday as investors digested the latest Nigeria inflation data.
The market traded with a bullish tilt as the benchmark index closed marginally higher (+0.02%) at 54,520.20 points.
Gains in ZENITHBANK (+0.59%), GTCO (+0.20%) and NB (+1.23%) offset the declines in WAPCO (-2.44%) and FBNH (-0.43%). Subsequently, the market remains on track for a weekly gain. The year-to-date (YTD) return rose to 6.38%, while the market capitalization rose by N7.53bn to close at N29.70trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.28%. A total of 125.86m shares valued at N3.60bn were exchanged in 2,670 deals. GTCO (+0.20%) led the volume chart with 19.17m units traded while DANGCEM (+0.00%) led the value chart in deals worth N1.95bn.
Market breadth closed negative at a 1.18-to-1 ratio with declining issues outnumbering advancing ones. COURTVILLE (-9.62%) topped twelve (12) others on the laggard’s log while JAPAULGOLD (+7.14%) led ten (10) others on the leader’s table.
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