MON, NOV 27 2023-theGBJournal|The Nigerian equities market closed stronger at the start of the new trading week, with the NGX benchmark reaching 71,353.81 points after a 0.2% gain.
Trading was underpinned by bargain hunting in FBNH (+10.0%) as MTD and YTD returns rose to +3.1% and +39.2%, respectively.
The total volume traded advanced by 28.1% to 746.67 million units, valued at NGN5.95 billion, and exchanged in 9,267 deals. UNIVINSURE was the most traded stock by volume at 65.95 million units, while ACCESSCORP was the most traded stock by value at NGN1.47 billion.
On sectors, the Banking (+1.7%) index gained while the Consumer Goods (-1.0%) index declined. Meanwhile, the Industrial Goods, Insurance and Oil & Gas indices all closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 32 tickers gained relative to 20 losers. JOHNHOLT (+10.0%) and TANTALIZER (+10.0%) recorded the most significant gains of the day, while ETRANZACT (-9.5%) and UNITYBNK (-9.2%) topped the losers’ list.
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