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All-Share Index rise ahead of Christmas break, MTNN, GTCO and ZENITHBANK gain, ARADEL led value chart in deals worth N3.71 billion

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MON DEC 23 2024-theGBJournal| The All-Share Index rose on Monday by 0.22% to close at 101,356.15 points as markets closed for a shortened trading week in the run-up to Christmas.

Gains in MTNN (+1.42%), GTCO (+3.07%), and ZENITHBANK (+0.33%) contributed to outweigh losses in ARADEL (-9.64%), OANDO (-8.63%), and WAPCO (-0.73%), keeping the market in the green.

The year-to-date (YTD) return rose to 35.55%, while market capitalization gained N137.64 billion to close at N61.44 trillion.

Trade turnover settled lower relative to the previous session, with the value of transactions down 1.31%. A total of 503.19 million shares valued at N16.27 billion were exchanged in 12,490 deals.

GTCO (+3.07%) led the volume chart with 39.38 million units transacted, while ARADEL (-9.64%) led the value chart in deals worth N3.71 billion.

Market breadth closed positive at a 2.74-to-1 ratio with advancing issues outnumbering the declining ones.

OKOMUOIL (+10.00%) topped fifty-one others on the leader’s table while AUSTINLAZ (-9.84%) led eighteen others on the laggard’s log.

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