THUR, DEC 28 2023-theGBJournal|The Nigerian stock market reversed Wednesday’s loss, as investors’ interest in MTNN (+5.4%) pushed the All-Share Index 1.0% higher to 74,502.58 points on Thursday.
Consequently, the Month-to-Date and Year-to-Date returns increased to +4.4% and +45.4%, respectively.
The total volume traded declined by 14.3% to 371.02 million units, valued at N5.47 billion, and exchanged in 8,215 deals.
JAIZBANK was the most traded stock by volume at 49.40 million units, while ZENITHBANK was the most traded stock by value at NGN1.06 billion.
On sectors, the Insurance (+2.1%), Industrial Goods (+1.1%) and Consumer Goods (+0.1%) indices recorded gains, while the Banking (-0.2%) index declined. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 34 tickers gained relative to 27 losers.
IKEJAHOTEL (+10.0%) and MULTIVERSE (+10.0%) topped the gainers’ list, while UACN (-10.0%) and JOHNHOLT (-9.7%) recorded the highest losses of the day.
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