MON OCT 07 2024-theGBJournal| The NGX All-Share-Index rose Monday, sustaining the winning streak after a sluggish start to October. The benchmark index gained 19bps to settle at 97,706.70 points.
Investor’s demand in blue-chip companies including MTNN (+0.42%), FBNH (+1.60%) and UBA (+2.38%) outweighed losses in GTCO (-0.20%), ACCESSCORP (-2.25%) and WAPCO (-2.16%).
As a result, the ASI year-to-date return increased to 30.67%, while the market capitalization gained N107.03 billion to close at N56.15 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 1.00%.
A total of 1.31bn shares valued at N5.96 billion were exchanged in 10,424 deals.
TANTALIZER (-5.97%) led the volume chart with 1.00bn units traded, while UBA led the value charts in deals worth N1.06 billion.
Market breadth closed positive at a 1.22-to-1 ratio with advancing issues outnumbering declining ones. FIDELITYBK (+10.00%) topped twenty-seven others on the leader’s log, while SCOA (-10.00%) led twenty-two others on the laggard’s table.
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