MON, JULY 10 2023-theGBJournal |Nigerian equities closed strong today as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008.
The market’s performance was primarily driven by continued demand in MTNN (+1.82%), DANGCEM (+10.00%) and STANBIC (+6.83%) offsetting losses in GTCO (-1.91%), WAPCO (-0.17%) and NB (-2.52%).
Consequently, the year-to-date (YTD) return rose to 26.05%, while the market capitalization gained N850.97bn to close at N35.18trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 59.11%.
A total of 1.84bn shares valued at N22.03bn were exchanged in 14,584 deals.
FBNH (+9.85%) led the volume and value charts with 198.22m units traded in deals worth N4.42bn.
Market breadth closed positive at a 2.73to-1 ratio with advancing issues outnumbering declining ones.
DANGCEM (+10.00%) led forty others on the gainer’s log, while BERGER (-9.09%) topped fourteen others on the laggard’s table.
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