…The market capitalization lost N70.04 billion to close at N56.08 trillion
TUE OCT 08 2024-theGBJournal| Nigerian equities market reversed to red Tuesday as the NGX All-Share Index shed 12bps to close at 97,584.81 points.
Losses in MTNN (-0.58%), GTCO (-3.67%) and ZENITHBANK (-0.27%) outweighed gains in SEPLAT (+5.09%), FBNH (+2.36%) and ACCESSCORP (+1.02%).
As a result, the ASI year-to-date return decreased to 30.51%, while the market capitalization lost N70.04 billion to close at N56.08 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.92%. A total of 719.11m shares valued at N8.34 billion were exchanged in 9,435 deals.
WAPIC (+3.90%) led the volume chart with 402.26 million units traded, while SEPLAT led the value charts in deals worth N2.25 billion.
Market breadth closed negative at a 0.79-to-1 ratio with declining issues outnumbering the advancing ones.
GUINNESS (-10.00%) topped twenty-eight others on the laggard’s table while REGALINS (+10.00%) led twenty-two others on the leader’s log.
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