THUR MAY 30 2024-theGBJournal|The bulls continued to dominate activities in the domestic bourse as bargain hunting in SEPLAT (+10.0%) triggered a 0.5% gain in the benchmark index to 99,276.03 points on Thursday.
As a result, the Month-to-Date and Year-to-Date gains settled higher at +1.1% and +32.8%, respectively.
The total trading volume dipped by 40.3% to 309.71 million units, valued at NGN5.44 billion, and exchanged in 7,035 deals. ACCESSCORP was the most traded stock by volume at 51.78 million units, while ZENITHBANK was the most traded stock by value at NGN1.31 billion.
Analysing by sectors, the Oil & Gas (+6.0%), Banking (+1.4%) and Insurance (+0.4%) indices advanced, while the Consumer Goods (-0.1%) index declined. Elsewhere, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.6x), as 31 tickers gained relative to 12 losers. INTENEGINS (+10.0%) and SEPLAT (+10.0%) recorded the most significant gains of the day, while CORNERST (-8.8%) and INTBREW (-8.8%) topped the losers’ list.
The naira depreciated by 10.5% to N1,484.75/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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