THUR MAY 02 2024-theGBJournal|The Nigerian equities market maintained the bull run, increasing the benchmark index by 0.55% to close at 98,762.78 points Thursday.
Sustained interest in Tier-1 banking tickers ZENITHBANK (+2.02%), GTCO (+7.03%) and FBNH (+4.60%) contributed to the positive sentiment of the market.
Accordingly, the market remains on track for its first weekly gain after six consecutive losses.
The year-to-date (YTD) return rose to 32.08%, while the market capitalization gained N303.79 billion to close at N55.86 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 62.86%. A total of 665.20m shares valued at N5.54 billion were exchanged in 8,446 deals.
ABBYBDS (+0.00%) led the volume chart with 362.82 million units traded, while ACCESSCORP (+3.86%) topped the value chart in deals worth N954.62 million.
Market breadth closed positive at a 2-to-1 ratio with advancing issues outnumbering the declining ones. PRESCO (+10.00%) topped twenty-seven others on the leader’s table while NASCON (-9.99%) led thirteen others on the laggard’s log.
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