The domestic bourse slipped yesterday, January 18, 2023, as the benchmark index lost 0.16% to close at 52,615.51 points. Increased demand in AIRTELAFRI (+0.63%) and GTCO (+1.03%) were offset by selloffs in DANGCEM (-1.85%), ZENITHBANK (-0.20%) and GEREGU (-0.14%) resulting to the market’s weak performance. As a result, the year-to-date (YTD) return fell to 2.66%, as market capitalization shed ₦46.74bn to close at ₦8.66trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 0.63%. A total of 217.95m units of shares valued at ₦4.47bn were exchanged in 3,377 deals. For the second consecutive session, STERLNBANK (-1.30%) led the volume chart with 94.27m units traded while GEREGU (-0.14%) led the value chart in deals worth ₦1.35bn.
Market breadth closed negative at a 1.38-to-1 ratio with declining issues outnumbering advancing ones. FTNCOCOA (-6.67%) led seventeen (17) others on the laggard’s table while LINKASSURE (+9.09%) topped twelve (12) others on the gainer’s log.
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