Nigerian equities opened the week on a weak note Monday August 1, 2022, reversing most of the prior session gains as the All-Share Index lost 0.83% to close at 49,950.32 points. The drag on the market’s performance was borne from selloffs in index heavyweight, BUACEMENT (-9.96%). Consequently, the year-to-date (YTD) return fell to 16.93%, while market capitalization lost ₦226.45bn to close at ₦26.94trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 19.21%. A total of 176.05m units of shares valued at ₦2.27bn were exchanged in 4,965 deals. GTCO (-0.76%) led the volume chart with 21.37m units while ZENITHBANK (+1.45%) led the value chart in deals worth ₦429.28bn.
Market breadth closed positive at a 1.62-to-1 ratio with advancing issues outnumbering declining ones. CAVERTON (+10.00%) led twenty (20) others on the leader’s log while BUACEMENT (-9.96%) topped twelve (12) others on the laggard’s table.
Find below key highlights of market activities
