…The year-to-date (YTD) return consequently rose to 31.99% while market capitalization gained N376 billion to close at N59.80 trillion
…UBA (+4.33%) led the volume chart with 138.15 million units traded, while SEPLAT (+9.99%) led the value chart in deals worth N18.35 billion
MON OCT 21 2024-theGBJournal| The NGX -All-Share (ASI) rallied Monday as the corporate earnings season picked up, with most of the companies listed on the NGX Exchange already posting stellar earnings.
The ASI added 63bps to close at 98,690.61 points. Gains in SEPLAT (+9.99%), following the approval of the Exxon-Seplat deal alongside GTCO (+2.00%) and ZENITHBANK (+0.13%) suppressed losses in MTNN (-1.31%), DANGSUGAR (-3.00%) and FIDELITYBK (-0.36%), leaving the index in the green.
The year-to-date (YTD) return consequently rose to 31.99% while market capitalization gained N376 billion to close at N59.80 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 130.46%. A total of 405.02 million shares valued at N27.57 billion were exchanged in 8,281 deals.
UBA (+4.33%) led the volume chart with 138.15 million units traded, while SEPLAT (+9.99%) led the value chart in deals worth N18.35 billion.
Market breadth closed positive at a 1.82-to-1 ratio with advancing issues outnumbering declining ones. IKEJAHOTEL (+10.00%) topped thirty others on the leader’s log, while REGALINS (-8.20%) led sixteen others on the laggard’s table.
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