THUR. 12 JANUARY, 2023-theGBJournal| Equities on the Lagos bourse edged higher today as the benchmark index advanced by 0.62% to close at 52,048.85 points, the highest point since 21 July 2022.
Gains in telco heavyweight, MTNN (+2.33%) as well as Tier-1 banking names, ZENITHBANK (+2.87%), GTCO (+2.08%) and FBNH (+2.22%) offset selloffs in AIRTELAFRI (-0.64%) to keep the market in the green.
As a result, the year-to-date (YTD) return rose to 1.56%, while market capitalization gained N173.74bn to close at N28.35trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 5.32%.
A total of 211.74m shares valued at N7.73bn were exchanged in 3,462 deals. MANSARD (+0.00%) led the volume chart with 26.25m units traded while AIRTELAFRI (-0.64%) led the value chart in deals worth N4.14bn.
Market breadth closed positive at a 4.83-to-1 ratio with advancing issues outnumbering declining ones. INTBREW (+8.60%) led twenty-eight others on the gainer’s table, while FTNCOCOA (-3.57%) topped five others on the laggard’s log.
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