L – R shows Dr. Femi Oyenuga, Chief Digital Officer, Nigerian Exchange Limited (NGX); Irene Robinson – Ayanwale, Divisional Head, Business Support Services, NGX; Ms. Abena Amoah, Deputy Managing Director, Ghana Stock Exchange (GSE); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Rev Ogbarmey Tetteh, Director General, Securities and Exchange Commission, Ghana; Mr. Michael Mensah, Chief Executive Officer, Central Securities Depository, Ghana; and Mrs. Onome Komolafe, Divisional Head, Business Services and Client Experience, Central Securities and Clearing System (CSCS) Plc during a Closing Gong Ceremony hosted for a delegation of Ghana Capital Market leaders at NGX ton Tuesday, 5th July 2022 in Lagos.
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.
