MON. 23 JANUARY, 2023-theGBJournal| The NGX Exchange rebounded by 0.12to settle at 52,657.69 points.
Investors interest in telco heavyweight, MTNN (+0.04%) as well as ZENITHBANK (+0.61%) and GTCO (+0.21%) were the primary drivers of the overall market’s strong performance.
Consequently, the year-to-date (YTD) return rose to 2.74%, while market capitalization gained N34.32bn to close at N28.68trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.44%.
A total of 143.74m shares valued at N1.78bn were exchanged in 4,078 deals. FBNH (+0.00%) led the volume chart with 19.66m units traded while MTNN (+0.04%) led the value chart in deals worth N326.85mn.
Market breadth closed positive at a 1.23-to-1 ratio with advancing issues outnumbering declining ones. CHAMS (+7.69%) topped thirteen others on the gainer’s table, while CORNERST (-10.00%) led ten others on the laggard’s log.
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