July 19, (THEWILL) – Today, the domestic bourse slipped on Wednesday as the benchmark index closed 0.01% weaker to settle at 63,757.23 points.
Market capitalisation lost 5 billion to close at N34.71 trillion against N34.72 on the previous trading.
This dropped the NGX- All Share Index to 63,757.23, from the previous trading spot of 63,766.72
Gains in MTNN (+1.85% from N270 per share), GTCO (+0.87% against N34 per share) and NB (+4.47% from N39,70) were offset by selloffs in ZENITHBANK (-1.68% against share price of N32.25), GEREGU (-10.00% against share of N315) and ACCESSCORP (-0.60% from N16.60) keeping the market in the negative terrain.
As a result, the year-to-date (YTD) return slipped to 24.40%..
Today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 76.45%.
A total of 473.49m shares valued at ₦10.08bn were exchanged in 7,403 deals. JAPAULGOLD (-1.23%) led the volume chart with 77.98m units traded while GEREGU (-10.00%) led the value chart in deals worth ₦4.86bn.
Market breadth closed negative at a 1.22-to-1 ratio with declining issues outnumbering advancing ones. GEREGU (-10.00%) topped twenty-one (21) others on the laggard’s log , while HONYFLOUR (+10.00%) led seventeen (17) others on the leader’s league.
On the forex market, Naira depreciated to N793.70 from N742.93 recorded on Tuesday. Volume traded also decreased to N87.19 million as against $156.29 million on the previous trading, bringing total turnover for the week to $278.03 million as against estimated average of $220 million going by what obtained in the pre-June 14 rate unification.
About the Author
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
