Friday, December 9, 2022
Buying and selling flooring
The Nigerian bourse on Thursday relapsed to a bearish mode after 4 consecutive days of achieve. A 0.13 per cent loss was recorded on the buying and selling flooring of the Nigerian Change Ltd. (NGX).
Particularly, market capitalisation misplaced N33 billion or 0.13 per cent to shut at N26.343 trillion as towards N26.376 trillion posted on Wednesday.
Additionally, the All-share index shed 61.35 factors or 0.13 per cent to shut at 48,426.49 from 48, 476.49 recorded on Wednesday.
The market’s weak efficiency was on account of selloffs in shares of MTN Nigeria, WAPCO and Warranty Belief Holding Firm (GTCO).
Consequently, the year-to-date (YTD) return fell to 13.22 per cent.
Market breadth closed constructive as 12 shares have been on the leaders’ desk, whereas eight have been on the laggards’ log.
Chams led the gainers’ chart in proportion phrases by 10 per cent to shut at 24k per share.
R.T. Briscoe adopted with 7.69 per cent to shut at 28k, whereas PZ rose 5.50 per cent to shut at N11.50 per share.
Livestock appreciated by 4.50 per cent to shut at N1.16, whereas Ecobank Transnational Integrated (ETI) garnered 2.80 per cent to shut at N10.80 per share.
However, Capital Resort dominated the losers’ chart in proportion phrases with 9.80 per cent to shut at N2.76 per share.
Honeywell Flour Mill adopted with 9.09 per cent to shut at N2.20, whereas WAPIC Assurance declined by 8.11 per cent to shut at 34k per share.
ABC Transport misplaced by 7.41 per cent to shut at 25k, whereas Cadbury depreciated by 4.69 per cent to shut at 70k per share.
Market actions confirmed commerce turnover settled decrease relative to the earlier session, with the worth of transactions down by 11.20 per cent.
A complete of 148.16 million shares valued at N2.98 billion have been exchanged in 3,391 offers.
(NAN)
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