THUR. 05 JANUARY, 2023-theGBJournal| The domestic bourse succumbed to sell pressure as the NGX All-Share Index shed 1.53% to close at 50,868.52 points, ending its thirteen-day winning streak.
Selloff in index heavyweight, AIRTELAFRI (-8.26%) was the major drag on the overall market. Consequently, the year-to-date (YTD) return fell to -0.75%, while market capitalization lost N429.77bn to close at N27.71trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 86.49%.
A total of 138.72m shares valued at N1.83bn were exchanged in 3,673 deals.
STERLNBANK (-2.10%) led the volume chart with 29.15m units traded, while GTCO (+2.13%) led the value chart in deals worth N477.77m.
Market breadth closed positive at a 1.38-to-1 ratio with advancing issues outnumbering declining ones.
HONYFLOUR (+9.95%) led seventeen (17) others on the gainer’s table, while AIRTELAFRI (-8.26%) topped twelve (12) others on the laggard’s log.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email:gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
