…The year-to-date return rose to 39.08%, while the market capitalization gained N262.82 billion to close at N56.91 trillion
THUR JULY 18 2024-theGBJournal|he Nigerian equities staged a rebound Thursday, recouping the prior session losses as the benchmark index closed 0.47% stronger to settle at 100,503.21 points, the highest point since 15 April.
Gains in telco heavyweight AIRTELAFRI (+4.76%) and ACCESSCORP (+0.26%) pushed the broader index into the positive terrain, offsetting losses in GTCO (-0.44%), ZENITHBANK (-7.00%) and FBNH (-4.00%). As a result, the market is on track for a weekly gain.
The year-to-date return rose to 39.08%, while the market capitalization gained N262.82 billion to close at N56.91 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.30%. A total of 392.80m shares valued at N8.33 billion were exchanged in 9,013 deals.
GTCO led the volume chart with 39.75 million units traded while AIRTELAFRI (+4.76%) led the value chart with deals worth N2.25 billion.
Market breadth closed negative at a 0.82-to-1 ratio with declining issues outnumbering the advancing ones. LINKASSURE (-10.00%) topped twenty-seven others on the laggard’s table while UCAP (+9.92%) led twenty-two others on the leader’s log.
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