TUE, NOV 07 2023-theGBJournal| The Nigerian equities market extended its bullish run as the benchmark index, the NGX All-Share Index, climbed 0.19% to settle at 70,613.60 points.
Gains in GTCO (+0.85%), FBNH (+6.35%), and WAPCO (+0.52%) were the main drivers of the market’s overall performance, outweighing losses in ZENITHBANK (-0.89%), UBA (-0.24%), and TRANSCORP (-1.27%).
As a result, the year-to-date (YTD) return rose to 37.78% while the market capitalization rose by N85.45bn to close at N38.80tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 29.34%.
A total of 449.28m shares valued at N5.44bn were exchanged in 7,100 deals. FBNH (+6.35%) led volume and value charts with 52.02m units traded in deals worth N1.03bn.
Market breadth closed positive at a 1.18-to-1 ratio with advancing issues outnumbering declining ones. PZ (+10.00%) led eighteen others on the leader’s log while ETERNA (-8.62%) topped fifteen others on the laggard’s table.
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