MON. 12 DEC, 2022-theGBJournal| Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.04% stronger to close at 48,899.08 points, the highest point since 04 October.
The market’s performance was driven by gains in ZENITHBANK (+1.58%), WAPCO (+0.69%) and FBNH (+1.85%) outweighing selloffs in STANBIC (-1.80%), ACCESSCORP (-0.58%) and UBA (-1.35%).
Consequently, the year-to-date (YTD) return rose to 14.47%, while the market capitalization gained N9.34bn to close at N26.63trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 120.07%.
A total of 236.59m units of shares valued at N2.52bn were exchanged in 3,334 deals. ACCESSCORP (-0.58%), led the volume chart and value chart with 120.98m units traded in deals worth N1.03bn.
Market breadth closed negative at a 1.25-to-1 ratio with declining issues outnumbering advancing ones. NEIMETH (-8.57%) led nine (9) others on the laggard’s table, while LEARNAFRICA (+9.70%) topped seven (7) others on the gainer’s log.
Meanwhile, 10 companies-from the banking, insurance and cusumer sectors- listed on the NGX Exchange have published their earnings forecast over the past four days, declaring mixed results.
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