THUR, 26 MAY, 2022-theGBJournal| Nigerian equities extended yesterday’s gains as the benchmark All-Share Index (ASI) rose by 1.06% to close at 53,151.32 points, just 0.2% or 124.17 points shy of its recent peak.
Renewed demand for index heavyweights MTNN (+4.35%), WAPCO (+6.23%), GTCO (+2.68%) as well as brewers INTBREW (+5.33%) and GUINNESS (+5.10%) bolstered the market’s performance.
As a result, the year-to-date return rose to 24.43%, with the market capitalisation increasing by N301.86bn to close at N28.65trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 20.81%. A total of 266.18m shares valued at N5.12bn were exchanged in 5,501 deals. TRANSCORP (+5.83%) led the volume chart with 47.65m units traded while MTNN (+4.35%) led the value chart in deals worth N1.88bn.
Market breadth closed negative at a 2.36-to-1 ratio, with advancing issues outnumbering declining ones. CHAMPION (+9.94%) topped twenty-five (25) others on the leader’s log, while NPFMCRFBK (-9.90%) led ten (10) others on the laggard’s table.
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