WED. 11 JANUARY, 2023-theGBJournal| The Nigerian equity market rose higher to with most sectors posting gains.
The benchmark Index, the NGX All-Share Index, gained 0.55% to close at 51,729.87 points, clawing back yesterday’s losses.
Gains in index heavyweight, BUACEMENT (+3.59%) alongside Tier-1 banking names, ZENITHBANK (+0.21%), GTCO (+1.48%) and FBNH (+0.45%) pushed the broader index into positive territory.
Consequently, the year-to-date (YTD) return rose to 0.93%, while market capitalization gained N153.24bn to close at N28.18trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 0.55%.
A total of 281.94m shares valued at N8.16bn were exchanged in 3,679 deals.
FBNH (+0.45%) led the volume chart with 108.93m units traded while BUACEMENT (+3.59%) led the value chart in deals worth N4.07bn.
Market breadth closed positive at a 2.33-to-1 ratio with advancing issues outnumbering declining ones. CHAMPION (+9.45%) led twenty five others on the gainer’s table, while WAPIC (-6.67%) topped eight others on the loser’s log.
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