Stock Market
NGX ASI sheds 4bps investors lost N21.11bn
Today, the Lagos bourse shed 4bps to close at 98,023.23 points. Losses in MTNN (-4.84%), FBNH (-0.75%) and JAIZBANK (-10.00%) encountered gains in GTCO (+5.34%), ZENITHBANK (+1.28%) and UBA (+1.18%) leaving the market in the red. Consistently, the ASI year-to-date (YTD) return fell to 31.09%, while the market capitalisation shed ₦21.11bn to close at ₦59.40trn
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 71.43%. A total of 538.96m shares valued at ₦15.30bn were exchanged in 10,028 deals. JAIZBANK (-10.00%) led the volume chart with 106.68m units traded, while MTNN (-4.84%) led the value chart in deals worth ₦5.39bn.
Market breadth closed positive at a 1.41-to-1 ratio with advancing issues outnumbering declining ones. SKYAVN (+10.00%) topped thirty (30) others on the leader’s log, while JAIZBANK (-10.00%) led twenty-one (21) others on the laggard’s table.
Find below key highlights of market activities
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