THUR JAN 09 2025-theGBJournal| Nigerian equities market sustained its upward trend on Thursday as the All Share Index gained 125bps to close at 105,530.74 points.
The outturn was primarily driven by price appreciations in MTNN (+10.00%), ZENITHBANK (+4.49%) and OANDO (+0.40%) outweighing selloffs in FBNH (-1.27%) and WAPCO (-1.41%), and leaving the market in the positive terrain and on track for another weekly gain.
The year-to-date (YTD) return added 125bps to 2.53% while market capitalization added N792.73 billion to close at N64.35 trillion
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 48.09%. A total of 481.69m shares valued at N2.82 billion were exchanged in 12,824 deals.
UNIVINSURE (+9.86%) led the volume chart with 97.24 million units while SEPLAT (+0.00%) led the value chart with deals worth N4.56 billion.
Market breadth closed negative at a 1.42-to-1 ratio with advancing issues outnumbering the advancing ones. MTNN (+10.00%) topped thirty-three others on the leader’s table while RTBRISCOE (-10.00%) led twenty-three others on the laggard’s log.
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