MON. 06 FEB, 2023-theGBJournal| Nigerian equities extended gains from last week as the benchmark index closed 0.29% stronger to settle at 54,367.74 points amid a slew of corporate results and earnings forecasts.
Sustained interests in telco heavyweight, MTNN (+1.88%) buoyed the markets performance. Consequently, the year-to-date (YTD) return rose to 6.08%, while market capitalization gained N80.7bn to close at N29.61trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 103.82%. A total of 191.64m shares valued at ₦4.80bn were exchanged in 4,359 deals. GTCO (-0.40%) led the volume and value charts with 50.59m units traded in deals worth N1.27bn.
Market breadth closed positive at a 1.08-to-1 ratio, with advancing issues outnumbering declining ones. LINKASSURE (+8.89%) topped twelve (12) others on the leader’s log, while FTNCOCOA (-6.06%) led eleven (11) others on the laggard’s table.
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