• Business - Market Data
  • Updated: February 20, 2024

Bearish trend continues as All-Share Index drops by 1.30 per cent

Bearish trend continues as All-Share Index drops by 1.30 per

The Nigerian Stock Exchange witnessed another day of decline as the All-Share Index closed at 101,060.67 points, down by 1.30%.

Bearish sentiment in BUACEMENT, ZENITHBANK, and GTCO overshadowed gains in GEREGU, WAPCO, and ETERNA, leading to a drag in the market.

Key Metrics:

Consequently, the year-to-date return fell to 35.16%, while market capitalization shed ₦729.16bn to close at ₦55.30trn.

Trade Turnover:

Trade turnover settled lower compared to the previous session, with the value of transactions down by 10.90%. A total of 256.16m shares valued at ₦6.63bn were exchanged in 8,783 deals.

Volume and Value Leaders:

TRANSCORP led the volume chart with 39.75m units traded, while GEREGU led the value chart with deals worth ₦1.11trn.

Market Breadth:

Market breadth closed negative at a 6.00-to-1 ratio, with declining issues outnumbering the advancing ones.

Top Performers and Laggards:

HONYFLOUR topped forty-one others on the laggards' table, while ETERNA led six others on the leaders' log.

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