WED, MAR 13 2024-theGBJournal| The Nigerian stock market sustained its bullish run as bargain hunting in MTNN (+2.3%) triggered a 0.5% gain in the benchmark index.
As a result, the NGX ASI closed at 104,007.36 points, with the MTD and YTD gains increasing to 4.0% and 39.1%, respectively.
The total volume of trades decreased by 42.2% to 326.95 million units, valued at NGN9.12 billion, and exchanged in 9,570 deals.
TRANSCORP was the most traded stock by volume at 38.95 million units, while NESTLE was the most traded stock by value at NGN1.50 billion.
On sectors, the Banking (+2.0%), Insurance (+0.8%) and Consumer Goods (+0.2%) indices advanced, while the Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was positive (1.4x), as 31 tickers gained relative to 22 losers. ETI (+10.0%) and JBERGER (+10.0%) topped the gainers’ list, while SKYAVN (-10.0%) and SUNUASSUR (-9.6%) recorded the highest losses of the day.
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