MON, 06 JUNE, 2022-theGBJournal| Starting the week, Nigerian equities extended gains from last week as the All-Share Index closed 0.34% stronger to close at 53,086.86 points, the highest level since 31 May.
Renewed demand for telco heavyweight, MTNN (+1.96%), FBNH (+2.27%) and WAPCO (+0.74%) bolstered the market’s strong performance, outweighing losses in ZENITHBANK (-0.43%), GTCO (-0.22%) and ETI (-1.27), keeping the market in the green.
As a result, the year-to-date (YTD) return rose to 24.28%, with the market capitalisation increasing by N96.30bn to close at N28.62trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 164.04%. A total of 755.62m shares valued at N8.90bn were exchanged in 4,297 deals. FBNH (+2.27%) led the volume and value charts with 610.41m units traded in deals worth N6.78bn.
Market breadth closed negative at a 1.46-to-1 ratio, with advancing issues outnumbering declining ones. CONOIL (+9.97%) topped eighteen (18) others on the leader’s log, while JAPAULGOLD (-6.25%) led twelve (12) others on the laggard’s table.
Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
