MON. 16 JANUARY, 2023-theGBJournal| The All-Share Index lost 0.31% to settle at 52,348.82 points, halting the three-day winning streak of the NGX Exchange.
Selloffs in Tier-1 banking names, ZENITHBANK (-3.72%), GTCO (-1.63%) and FBNH (-0.43%) drove the market’s weak performance.
As a result, the year-to-date (YTD) return fell to 2.14%, while market capitalization lost N89.14bn to close at N28.51trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 27.34%.
A total of 221.85m shares valued at N3.25bn were exchanged in 5,219 deals. UBA (-4.19%) led the volume chart with 22.93m units traded while GTCO (-1.63%) led the value chart in deals worth N482.50m.
Market breadth closed negative at a 1.36-to-1 ratio with declining issues outnumbering advancing ones. LIVESTOCK (-7.69%) led eighteen others on the laggard’s table while PRESCO (+9.67%) topped thirteen others on the gainer’s log.
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