MON. 05 DEC, 2022-theGBJournal| Nigerian equities opened the week on a positive note, extending gains from the previous session as the NGX All-Share Index closed 0.21% stronger to close at 48,253.59 points, the highest point since 05 October.
The market’s performance was primarily driven by gains in industrial heavyweight BUACEMENT (+3.90%) and NB (+2.22%) offsetting selloffs in WAPCO (-1.59%) and Tier-1 banking names, ZENITHBANK (-2.42%) and FBNH (-2.23%).
Consequently, the year-to-date (YTD) return rose to 12.96%, while the market capitalization gained N53.89bn to close at N26.28trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.69%. A total of 633.74m units of shares valued at N4.10bn were exchanged in 3,398 deals. UPDCREIT (+0.00%) led the volume and value chart with 460.71m units traded in deals worth N1.61bn.
Market breadth closed positive at a 1.15-to-1 ratio with advancing issues outnumbering declining ones. GUINNESS (+10.00%) led fourteen (14) others on the leader’s table, while GEREGU (-9.85%) topped twelve (12) others on the laggards log.
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