On Tuesday, the domestic bourse extended losses from the previous session, bringing the All-Share Index down by 1.30% to close at 101,060.67 points. Bearish sentiment in BUACEMENT (-9.98%), ZENITHBANK (-0.14%), and GTCO (-0.38%) overturned the gains in GEREGU (+3.68%), WAPCO (+1.25%) and ETERNA (+6.17%) causing the drag in the market. Consequently, the ASI’s year-to-date (YTD) return fell to 35.16%, while the market capitalisation shed ₦729.16bn to close at ₦55.30trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 10.90%. A total of 256.16m shares valued at ₦6.63bn were exchanged in 8,783 deals. TRANSCORP (-5.80%) led the volume chart with 39.75m units traded while GEREGU (+3.68) led the value chart in deals worth ₦1.11trn
Market breadth closed negative at a 6.00-to-1 ratio with declining issues outnumbering the advancing ones. HONYFLOUR (-10.00%) topped forty-one (41) others on the laggard’s table while ETERNA (+6.17%) led six (6) others on the leader’s log.
