WED. 08 FEB, 2023-theGBJournal| The NGX Exchange rebounded after yesterday’s pullback as the benchmark Index gained 0.23% to close at 54,427.05 points.
Gains in industrial heavyweight, DANGCEM (+1.89%) alongside ZENITHBANK (+0.80%) pushed the broader index into positive territory. Consequently, the year-to-date (YTD) return rose to 6.20%, while market capitalization gained ₦69.33bn to close at ₦29.64trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 76.25%. A total of 151.58m shares valued at ₦1.81bn were exchanged in 2,974 deals. TRANSCORP (-7.35%) led the volume chart with 18.68m units traded while GTCO (-0.40%) led the value chart in deals worth ₦427.74bn.
Market breadth closed negative at a 2.38-to-1 ratio, with declining issues outnumbering advancing ones. TRANSCORP (-7.35%) topped eighteen (18) others on the laggard’s log, while JAPAULGOLD (+3.45%) led seven (7) others on the leader’s table.
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