…The ASI year-to-date return rose to 31.81%, while market capitalization gained N57.53 billion to close at N56.64 trillion.
…A total of 1.86bn shares valued at N111.58 billion were exchanged in 10,583 deals
MON SEPT 30 2024-theGBJournal| The NGX benchmark index, the All-Share Index, rose 10bps on Monday to close at 98,558.79 points from 98,458.68 points, the final trading day of what could be considered a winning month.
Interest in Tier-1 banking tickers, GTCO (+1.27%), ZENITHBANK (+0.13%), UBA (+9.90%) and ACCESSCORP (+5.64%) encountered selloffs in BUACEMENT (-3.42%), FBNH (-4.09%) and FIDELITYBK (-7.33%), leaving the market in the green.
The ASI year-to-date return rose to 31.81%, while market capitalization gained N57.53 billion to close at N56.64 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1,576.22%.
A total of 1.86bn shares valued at N111.58 billion were exchanged in 10,583 deals. Sequel to Guinness’ Board of Directors announcement on Friday, confirming progress on the sale of Diageo’s majority stake to Tolaram, GUINNESS led the volume and value charts with 1.27bn units traded in deals worth N103.87 billion
Market breadth closed positive at a 1.41-to-1 ratio with advancing issues outnumbering declining ones. ABBEYBDS (+10.00%) topped thirty others on the leader’s log, while ELLAHLAKES (-9.96%) led twenty-one others on the laggard’s table.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
