MON, 24 OCT, 2022-theGBJournal| Opening the week, Nigerian equities extended its winning streak as the benchmark index closed 0.15% stronger to settle at 44,461.43 points.
Increased demand for MTNN (+1.28%) offset losses in Tier-1 banking names, ZENITHBANK (-0.25%), GTCO (-0.54%), FBNH (-1.03%) and ACCESSCORP (-0.62%) to keep the market in the green. Consequently, the year-to-date (YTD) return rose to 4.09%, while market capitalization gained ₦36.27bn to close at N24.22trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.08%. A total of 72.33m shares valued at N2.17bn were exchanged in 2,887 deals. TRANSCORP (-3.67%) led the volume chart with 11.35m units traded, while AIRTELAFRI (+0.00%) led the value chart in deals worth N1.49bn.
Market breadth closed negative at a 2.25-to-1 ratio with declining issues outnumbering advancing ones. UNILEVER (-10.00%) led seventeen (17) others on the laggard’s table, while REDSTAREX (+8.22%) topped seven (7) others on the gainer’s log.
Market Highlights
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 44,461.43 | +0.15 | +4.09 |
| Market Cap. (N ‘trillion) | 24.22 | +0.15 | +8.61 |
| Volume (millions) | 72.33 | -24.01 | |
| Value (N ‘billion) | 2.17 | +15.08 |
Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
