Dear Valued Investor,
The result of yesterday’s OMO auction further strengthened the Bears today as bearish sentiments dominated the market the entire week.
The All-share index lost 0.18% today to extend the week’s loss to -1.66%.
Today’s loss brings the year-to-date performance of the market to 3.57%.
Market capitalization weakened by 0.18% to close at
N21.82 trillion. Investors lost a total of N368 billion during the week.
The Banking index gained 1.36% to lead while the Consumer Goods Index trailed with 0.97% on the indices chart.
Total volume traded fell to 482.32 million units (-23.38%) with total value of
N5.58 billion (-30.09%).
UBN (78.23m units) and Zenith (52.78m units) led the volume chart while Zenith (
N1.37 bn) and MTNN ( N0.86 bn) led in value terms.
Today, the market recorded 14 gainers and 37 losers (Thurs: 25 against 22).
NNFM and GTB appreciated while Dangote Sugar and WAPCO lost today.
McNichols (+43.14%) finished best performer while Linkage Assurance (-33.33%) finished worst for the week.