MON, NOV 20 2023-theGBJournal|Nigerian equities market on Monday made a negative start to week, dampening last week’s strong gains, as Selloffs in Tier-1 banking names ZENITHBANK (-0.75%), STANBIC (-7.08%) and UBA (-0.48%) offset demand for GTCO (+0.27%), GEREGU (+0.88%) and OANDO (+3.42%).
The NGX All-Share Index consequently relapsed by 0.15% to close at 71,008.70 points. The All-Share Index’s year-to-date (YTD) return fell to 38.55%, while the market capitalization lost N57.31bn to close at N39.05trn.
Market activities showed trade turnover settling lower relative to the previous session, with the value of transactions down by 27.77%. A total of 358.45m shares valued at N4.36bn were exchanged in 6,551 deals.
ACCESSCORP (-0.58%) led the volume chart with 27.58m units traded while ZENITHBANK (-0.75%) led the value chart in deals worth N502.95m.
Market breadth closed positive at a 2.27-to-1 ratio, with advancing issues outnumbering declining ones.
MECURE (+9.95%) topped thirty-three others on the leader’s log, while RTBRISCOE (-9.84%) led fourteen others on the laggard’s table.
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