TUE APRIL 30 2024-theGBJournal| The Nigerian stock market closed on a bullish note Tuesday, driven by renewed interest in MTNN (+4.0%) and FBNH (+6.9%).
Consequently, the NGX ASI advanced by 0.4% to 98,225.63 points. As a result, the MTD and YTD returns printed -6.1% and +31.4%, respectively.
The total trading volume surged by 99.2% to 552.21 million units, valued at NGN14.92 billion, and exchanged in 9,350 deals. GTCO was the most traded stock by volume and value at 245.46 million and NGN7.95 billion, respectively.
Across the sectors, the Banking (+1.7%) and Insurance (+0.2%) indices closed higher while the Consumer Goods (-0.8%), Industrial Goods (-0.4%) and Oil & Gas (-0.3%) indices declined.
As measured by market breadth, market sentiment was positive (1.4x), as 26 tickers gained relative to 18 losers. CAP (+10.0%) and UACN (+10.0%) recorded the highest gains of the day, while DANGSUGAR (-10.0%) and CWG (-9.8%) topped the losers’ list.
The naira appreciated by 2.0% to NGN1,390.96/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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