…Foreign investors’ transactions on the Nigerian Exchange Limited (NGX) reached a total of N744.34 billion in the first 10 months of 2024
TUE NOV 26 2024-theGBJournal| Market heavyweight MTNN (-1.16%) as well as OANDO (-3.46%), and UBA (-1.55%) all ticked to fresh low today.
However, market closed broadly positive driven by demand in GTCO (+0.47%), ZENITHBANK (+0.93%), and STANBIC (+1.31%).
Consequently, the benchmark index, the All-Share Index edged up slightly higher (+0.01%) to settle at 97,639.88 points. The year-to-date (YTD) return increased to 30.58%, while the market capitalisation rose by N8.25 billion to close at N59.18 trillion.
Market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 24.52%.
A total of 552.11m shares valued at N8.03 billion were exchanged in 9,305 deals. TANTALIZER (-9.30%) led the volume chart with 36.99m units traded, while WAPCO (+9.15%) led the value chart in deals worth N978.68 million.
Market breadth closed negative at a 0.88-to-1 ratio with declining issues outnumbering the advancing ones.
MULTIVERSE (-9.92%) topped twenty-four others on the laggard’s table, while SUNUASSUR (+9.80%) led twenty-one others on the leader’s log.
Meanwhile, Foreign investors’ transactions on the Nigerian Exchange Limited (NGX) reached a total of N744.34 billion in the first 10 months of 2024, which was an increase by 156 percent Year-on-Year (YoY) when compared to the N291.38 billion recorded in the first 10 months of 2023.
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