THUR, JAN 04 2024-theGBJournal| The NGX All-Share Index rose again on Thursday by 0.62% to close at 78,020.54 points, the third trading session of 2024, building on its best performance in months.
Buying interest in Tier-1 banks namely, ZENITHBANK (+0.86%) GTCO (+1.20%) along side DANGSUGAR (+4.43%), offset losses in STANBIC (-1.44%), UBA (-2.10%) and ACCESSCORP (-3.47%), keeping the market on track for another week of gain.
The year-to-date (YTD) return rose to 4.34%, while the market capitalization gained N264.29bn to close at N42.69trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 4.40%.
A total of 984.19m shares valued at N11.16bn were exchanged in 12,976 deals. FCMB (+7.88%) led the volume chart with 106.81m units traded while FIDELITYBK (+6.80%) led the value chart with deals worth N1.31bn.
Market breadth closed positive at a 2.14-to-1 ratio with advancing issues outnumbering the declining ones.
WEMABANK (+10.00%) topped forty-six others on the leader’s table while MULTIVERSE (-9.97%) led twenty-one others on the laggard’s log.
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