The Lagos bourse extended its losing streak for the third consecutive session as the benchmark index shed 0.06% to close at 51,556.54 points, the lowest point since 22 June. Losses in GTCO (-0.73%), UBN (-9.76%) and INTBREW (-5.26%) were sufficient to erode rebounds in BUAFOODS (+0.97%), ZENITHBANK (+0.46%) and FBNH (+0.46%) bringing down the overall market. Consequently, the year-to-date (YTD) return fell to 20.69%, while the market capitalization shed ₦16.15bn to close at ₦27.79trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 44.02%. A total of 135.26m units of shares valued at ₦1.44bn were exchanged in 3,745 deals. TRANSCORP (+0.00%), led the volume chart with 15.55m units traded, while GTCO (-0.73%) led the value chart in deals worth ₦267.09m.
Market breadth closed positive at a 1.06-to-1 ratio with advancing issues outnumbering declining ones. ACADEMY (+9.79%) topped sixteen (16) others on the gainer’s log while CHAMPION (-10.00%) led fifteen (15) others on the laggard’s table.
Find below key highlights of market activities:
