…The benchmark NGX All-Share Index (ASI) lost 0.54% to close at 96,907.73 points
…The year-to-date (YTD) return decreased to 29.60%
MON NOV 04 2024-theGBJournal| Nigerian equities market ended lower on Monday, sustaining the bearish sentiment seen in the past week.
The benchmark NGX All-Share Index (ASI) lost 0.54% to close at 96,907.73 points, with Selloffs in MTNN (-2.80%), ARADEL (-9.99%), and GTCO (-0.36%) stocks ensuring the market stays red.
Banking stocks-UBA, ACCESSCORP, STERLINGNG, JAIZBANK as well as FLOURMILL stocks rallied to N31.90, N22.50, N4.98, N2.35 and N64.00 respectively. OANDO stock fell from N89.65 as at close of trading Friday to N80.70, one of the day’s biggest losers alongside ARADEL (N401.10 vs N445.60 on Friday).
The year-to-date (YTD) return decreased to 29.60%, while the market capitalization dipped by N317.70 billion to close at N58.72 trillion.
Market activities showed trade turnover settling lower relative to last Friday’s session, with the value of transactions down by 10.15%.
A total of 1.22 billion shares valued at N14.23 billion were exchanged in 10,386 deals.
UBA (+10.00%) led the volume and value charts with 240.76 million units traded in deals worth N7.29 billion.
Market breadth closed negative at a 0.55-to-1 ratio with declining issues outnumbering the advancing ones.
CAVERTON (-10.00%) topped twenty-eight others on the loser’s table, while UBA (+10.00%) led seventeen others on the gainers’ log.
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