MON, JULY 03 2023-theGBJournal |Shares of telecoms giant MTNN, (+1.7%), STANBIC (+9.3%), and ACCESSCORP (+9.9%) surged Monday as Nigerian equities extended its bullish run with the benchmark index closing 1.61% stronger to settle at 61,949.24 points.
The Year-to-Date return also rallied to +20.9% while market capitalization gained N534.01bn to close at N33.73trn.
The total volume traded advanced by 20.8% to 1.21 billion units, valued at N14.04 billion, and exchanged in 12,128 deals.
FCMB was the most traded stock by volume at 173.81 million units, while ACCESSCORP was the most traded stock by value at N2.38 billion.
Analysing by sectors, the Banking (+6.8%), Insurance (+1.8%), Oil & Gas (+1.5%), and Consumer Goods (+0.5%) indices recorded gains, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (4.8x), as 67 tickers gained relative to 14 losers. JAPAULGOLD (+10.0%) and LINKASSURE (+10.0%) recorded the most significant gains of the day, while TRIPPLEG (-9.9%) and CORNERST (-9.1%) topped the losers’ list.
Twitter-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com
