Opening this week on Monday, March 28, 2022, Nigerian equities closed the trading session weaker as the All-Share index lost 0.14% to close at 46,898.23 points – the lowest point since 31 January 2022. Losses in banking names, FCMB (-6.89%), ZENITHBANK (-2.28%) and FBNH (-2.11%) offset buying interests in ACCESSCORP (+3.02%), MTNN (+1.47%) and GTCO (+0.43%), keeping the market in the red. Consequently, the year-to-date (YTD) return fell to 9.79%, while market capitalization lost ₦35.57bn to close at ₦25.28trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 37.54%. A total of 359.89m shares valued at ₦2.61bn were exchanged in 5,163 deals. TRANSCORP (-6.54%) led the volume chart with 92.00m units traded, while SEPLAT (+0.00%) led the value chart in deals worth ₦368.37m.
Market breadth closed flat at a 1-to-1 ratio with advancing issues equalling declining ones. BETAGLAS (+9.92%) topped seventeen (17) others on the gainer’s log, while LEARNAFRICA (-9.68%) led seventeen (17) others on the laggard’s table.
Find below key highlights of market activities.
