MON, JAN 22 2024-theGBJournal|The All-Share Index climbed 1.30% on Monday to settle at record 95,768.12 points following sustained buy interest in industrial heavyweights, DANGCEM (+9.99%), alongside FCMB(+2.36%), and UCAP (+0.42%).
The interest in the heavyweight stocks outweighed selloffs in MTNN (-0.03%), ZENITHBANK (-2.22%) and UBA (-0.16%).
As a result, the year-to-date (YTD) return rose to 28.08%, while market capitalization gained N673.10bn to close at N52.41 trillion.
Market activities showed trade turnover settled higher relative to the previous session (last Friday), with the value of transactions up by 10.91%.
A total of 721.81bn shares valued at N14.41bn were exchanged in 15,757 deals. TRANSCORP (-2.36%) led the volume chart with 66.52m units traded while NESTLE (-7.19%) led the value chart with deals worth N1.97 billion.
Market breadth closed negative at a 1.83-to-1 ratio with declining issues outnumbering the advancing ones. FLOURMILL (-10.00%) topped forty-three others on the laggard’s table while SUNASSUR (+10.00%) led twenty-three others on the leaders log.
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