The Nigerian equities ended lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.43% to close at 66,482.28 points. Investors interest in Tier-1 banking names ZENITHBANK (+1.27%), GTCO (+2.27%) and ACCESSCORP (+0.31%) was offset by continued selloffs in telco heavyweight, MTNN (-3.85%) alongside FBNH (-0.31%) and WAPCO (-0.17%) putting the market in the red. Consequently, the year-to-date (YTD) return fell to 29.72%, as market capitalization shed ₦158.01bn to close at ₦36.39trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 19.38%. A total of 657.52m shares valued at ₦4.60bn were exchanged in 6,646 deals. FIDELITYBK (-3.57%) led the volume chart with 31.69m units traded while GTCO (+2.27%) led the value chart in deals worth ₦885.39m.
Market breadth closed positive at a 1.17-to-1 ratio with advancing issues outnumbering declining ones. OANDO (+9.88%) led twenty (20) others on the leader’s log while WEMABANK (-10.00%) topped seventeen (17) others on the laggard’s table.
