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FBNH closes top in volume and value charts as NGX benchmark index drops 3bps; market capitalization drops N18.98 billion

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…The year-to-date (YTD) return decreased to 30.66%, while the market capitalization lost N18.98 billion to close at N59.23 trillion.

TUE DEC 03 2024-theGBJournal| FBNH (+3.92%) led the volume and value charts with 779.62 million units traded on Tuesday in deals worth N18.77 billion, as benchmark index, the All-Share Index fell 3bps to close at 97,702.56 points.

Market activities showed trade turnover settling higher relative to the previous session, with the value of transactions advancing by 169.58%. A total of 1.16 billion shares valued at N27.36 billion were exchanged in 9,403 deals.

The NGX marginal pullback was propelled by selloffs in ARADEL (-8.72%), INTBREW (-2.44%), and STERLINGNG (-1.04%) which outweighed demands for ZENITHBANK (+0.67%), OANDO (+0.78%), and FBNH (+3.92%).

The year-to-date (YTD) return decreased to 30.66%, while the market capitalization lost N18.98 billion to close at N59.23 trillion.

Meanwhile, market breadth closed positive at a 1.27-to-1 ratio with advancing issues outnumbering declining ones.

GOLDBREW (+10.00%) topped twenty-seven others on the leader’s log, while SOVRENINS (-10.00%) led twenty-one others on the laggard’s table.

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