SAT, MAR 23 2024-theGBJournal| The Nigerian stock market wrapped up the week on a positive note, with the ASI showing a 25 basis points day-on-day surge.
However, it experienced a decline of 42 basis points week-on-week, closing at 104,647.37 points.
Noteworthy in today’s session were the banking stocks such as GTCO (+3.81%), FBNH (+2.25%), ZENITHBANK (+1.27%), and ACCESSCORP (+1.69%), which offset the decline in NB (-3.45%).
Furthermore, the year-to-date return settled at 39.95%, with market capitalization closing at N59.18 trillion compared to N59.03 trillion the previous day. Market breadth concluded positively at 1.53x, with 49 advancers surpassing 32 decliners.
Analysis of trade metrics revealed significant increases week-on-week, with volume and value traded up by 132.58% and 184.37%, respectively, reaching 505.19 million units and N14.24 billion.
FBNH led the value chart for the week at N7.48 billion, followed by GTCO at N6.47 billion and TRANSPOWER at N5.97 billion. UBA led the top equities by volume for the week with 209.44 million units, followed by FBNH at 187.18 million units and ACCESSCORP at 168.26 million units.
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