MON, 21 NOV 2022-theGBJournal | Nigerian equities opened the week strong today as the benchmark index gained 0.47% to close at 44,701.84 points, the highest point since 25 October.
The market’s performance was primarily driven by demand in ZENITHBANK (+1.64%), GTCO (+0.26%) and FBNH (+1.82%).
Consequently, the year-to-date (YTD) return rose to 4.65%, while the market capitalization gained N113.90bn to close at N24.35trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 57.79%.
A total of 159.56m shares valued at N1.95bn were exchanged in 3,607 deals. TRANSCORP (+1.80%) led the volume chart with 35.24m units traded while SEPLAT (+0.00%) led the value chart in deals worth N478.43m.
Market breadth closed positive at a 4.33-to-1 ratio with advancing issues outnumbering declining ones. NB (+9.94%) topped twenty-five others on the gainer’s table, while JAPAULGOLD (-7.14%) led five others on the laggard’s log.
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