Activity on the Lagos bourse was mixed Thursday, February, 16, 2023, albeit with a bullish tilt as the benchmark index closed marginally higher (+0.02%) at 54,520.20 points. Gains in ZENITHBANK (+0.59%), GTCO (+0.20%) and NB (+1.23%) offset the declines in WAPCO (-2.44%) and FBNH (-0.43%). Subsequently, the market remains on track for a weekly gain. The year-to-date (YTD) return rose to 6.38%, while the market capitalization rose by ₦7.53bn to close at ₦29.70trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.28%. A total of 125.86m shares valued at ₦3.60bn were exchanged in 2,670 deals. GTCO (+0.20%) led the volume chart with 19.17m units traded while DANGCEM (+0.00%) led the value chart in deals worth ₦1.95bn.
Market breadth closed negative at a 1.18-to-1 ratio with declining issues outnumbering advancing ones. COURTVILLE (-9.62%) topped twelve (12) others on the laggard’s log while JAPAULGOLD (+7.14%) led ten (10) others on the leader’s table.
