MON APRIL 22 2024-theGBJournal|The Nigerian equities market gained 13bps, recovering some of the prior week losses to settle at 99,665.05 points.
Renewed investor interest in Tier-1 banking names ZENITHBANK (+6.76%), GTCO (+9.55%) and UBA (+0.66%) outweighed bearish sentiment in ACCESSCORP (-1.18%), STANBIC (-5.86%) and FIDELITYBK (-6.18%).
As a result, the year-to-date (YTD) return rose to 33.29%, while market capitalization gained N70.87 billion to close at N56.37 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 1.81%. A total of 306.62 million shares valued at N5.30 billion were exchanged in 8,298 deals.
GTCO (+9.55%) led the volume and value chart with 50.16 million units traded in deals worth N1.77 billion.
Market breadth closed negative at a 0.83-to-1 ratio with declining issues outnumbering the advancing ones. PRESTIGE (-9.84%) topped seventeen others on the laggard’s table while JAPAULGOLD (+9.58%) led fourteen others on the leader’s log.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
