WED SEPT 18 2024-theGBJournal| Nigerian Equities market sustained its rally with the NGX All-Share Index (ASI) rising 0.6% to 98,230.92 points on Wednesday propelled by gains in GEREGU (+9.5%), FBNH (+6.3%), and OANDO (+6.1%).
The gains pushed market capitalization up N316.14 billion to N56.446 trillion.
the Month-to-Date and Year-to-Date returns settled higher at +1.7% and +31.4%, respectively.
The total volume of trades declined by 23.3% to 361.30 million units, valued at N7.57 billion, and exchanged in 9,627 deals.
JAPAULGOLD was the most traded stock by volume at 64.04 million units, while GEREGU was the most traded stock by value at N1.34 billion.
On sectors, the Banking (+1.1%), Insurance (+0.6%), and Oil & Gas (+0.4%) indices advanced, while the Consumer Goods (-1.1%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.1x), as 27 tickers gained relative to 25 losers.
HONYFLOUR (+10.0%) and MEYER (+10.0%) led the gainers, while NNFM (-10.0%) and BERGER (-9.8%) recorded the highest losses of the day.
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