THUR, JAN 18 2024-theGBJournal|The bulls maintained their grip on the Nigerian equities market as buying interest in DANGCEM (+8.3%) prompted a 2.0% increase in the All-Share Index to 91,896.97 points. Consequently, the Year-to-Date return advanced to +22.9%.
The total volume traded declined by 12.2% to 1.14 billion units, valued at NGN19.29 billion, and exchanged in 17,804 deals. TRANSCORP was the most traded stock by volume and value at 156.62 million units and NGN2.96 billion, respectively.
Analysing by sectors, the Industrial Goods (+7.8%), Oil & Gas (+2.7%), and Consumer Goods (+0.9%) indices recorded gains, while the Insurance (-2.1%) and Banking (-1.9%) indices settled lower.
As measured by market breadth, market sentiment was negative (0.8x), as 42 tickers lost relative to 32 gainers. IKEJAHOTEL (-9.8%) and ROYALEX (-9.8%) topped the losers’ list, while CONOIL (+10.0%) and ETERNA (+10.0%) recorded the most significant gains of the day.
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