Tuesday, 31 May 2022, the domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.25% to close at 53,637.14 points. The extended rout in the market was primarily driven by selloffs in NB (-9.96%), WAPCO (-2.35%) and Tier-1 banks, ZENITHBANK (-1.68%), GTCO (-1.53%) and UBA (-1.90%). Consequently, the ASI’s year-to-date (YTD) return fell to 25.77%, while the market capitalization shed ₦72.89bn to close at ₦28.92trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 98.09%. A total of 318.28m shares valued at ₦3.71bn were exchanged in 5,190 deals. TRANSCORP (+2.46%) led the volume chart with 86.74m units, while MTNN (+0.00) led the value chart in deals worth ₦1.64bn.
Market breadth closed positive at a 1.18-to-1 ratio with advancing issues outnumbering declining ones. TRANSCOHOT (+6.84%) led nineteen (19) others on the gainers log, while NB (-9.96%) topped sixteen (16) others on the laggard’s table.
Find below key highlights of market activities.
