Dear Valued Investor,
Unrelenting Bears came in their full force to pull the All-share index down by 1.96% (the biggest loss since the turn of the year).
Today’s loss brings the year-to-date performance of the market to 1.06%.
Market capitalization plunged further by 1.96% to close at
All market indices closed in the red zone with the Industrial index emerging as the biggest loser with 3.70%.
Total volume traded improved to 366.86 million units (+19.92%) with a total value of
N5.48 billion (+38.74%) as sell pressure intensifies.
Zenith (43.74m units) and FBNH (40.03m units) led the volume chart while GTB (
N1.17 bn) and Zenith ( N1.10) led in value terms.
Today, the market recorded 13 gainers and 37 losers (Tues: 23 against 23).
Guinness, PZ and Champion Breweries appreciated while Dangote Cement and Presco lost today.
We expect the bearish run to continue tomorrow following the significant jump in rates at the treasury bills primary auction today.