WED, FEB 21 2024-theGBJournal|The Nigerian equities market rebounded Wednesday after a two-day losing streak, with the NGX All-Share Index (ASI) rising 0.30% to close at 101,362.38 points.
The ASI year-to-date (YTD) return also rose to 35.56%, while market capitalization gained N165.09 billion to close at 55.46 trillion.
The market turned positive following gains in BUACEMENT (+4.93%), UBA (+0.21%), and FBNH (+9.96%) stocks which outweighed losses in ZENITHBANK (-0.42%), GTCO (-0.77%), and ACCESSCORP (-2.70%).
Trade turnover settled lower relative to the previous session, with the value of transactions down by 1.15%.
A total of 302.74 million shares valued at N6.55 billion were exchanged in 8,611 deals.
FBNH (+9.96%) led both the volume and value chart with 39.38m units traded in deals worth N1.10 trillion.
Market breadth closed negative at a 4.20-to-1 ratio with declining issues outnumbering the advancing ones.
OKOMUOIL (-10.00%) topped forty-one others on the laggard’s table while FBNH (+9.96%) led nine others on the leader’s log.
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