THUR, MAR 14 2024-theGBJournal|The Nigerian stock market nudged slightly higher Thursday, with the benchmark index climbing 0.05% to settle at 104,056.21 points.
Renewed investors interest in FBNH (+4.32%), alongside sustained interest in ACCESSCORP (+1.52%), and DANGSUGAR (+3.81%), offsetting selloffs in MTNN (-0.40%), GTCO (-0.79%) and ZENITHBANK (-1.28%), keeping the market in the green.
The year-to-date (YTD) return rose to 39.16%, while market capitalization gained N27.64 billion to close at N58.83 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.76%.
A total of 226.31m shares valued at N7.41 billion were exchanged in 5,823 deals. FBNH (-4.32%) led the volume chart with 28.56 million units traded, while NESTLE (+0.00%) led the value chat with deals worth N1.00 billion.
Market breadth closed negative at a 0.86-to-1 ratio with declining issues outnumbering the advancing ones. INTENEGINS (-10.00%) topped twenty others on the laggard’s table while ROYALEX (+9.72%) led seventeen others on the laggard’s log.
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