MON JAN 27 2025-theGBJournal| The NGX Exchange began the week on a positive note as buying interest in ACCESSCORP (+9.9%) and FBNH (+7.8%) drove the benchmark index higher by 0.8% to 104,418.95 points. Consequently, the Year-to-Date returns settled at +1.5%.
The total trading volume decreased by 10.1% to 518.28 million units, valued at N13.30 billion, and exchanged in 17,196 deals. ACCESSCORP was the most traded stock by volume at 50.99 million units, while ZENITHBANK was the most traded stock by value at NGN1.69 billion.
Analysing by sectors, the Banking (+4.7%) and Consumer Goods (+1.7%) indices advanced, while the Insurance (-1.0%) and Oil & Gas (-0.9%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.4x), as 38 tickers gained relative to 28 losers. BETAGLAS (+10.0%) and RTBRISCOE (+9.9%) led the gainers, while MRS (-10.0%) and TRANSCOHOT (-10.0%) recorded the highest losses of the day.
Meanwhile, the naira fells by 0.2% to N1,533.63 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as FX demand pressure to remain intact/
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