WED, MAR 06 2024-theGBJournal|The Nigerian equities market closed positive on Wednesday as the benchmark index gained 0.40% to close at 99,591.64 points.
Sustained investor interest in TRANSPOWER (+9.99%), FBNH (+9.95%), and TRANSCORP (+9.96%) outweighed losses in GTCO (-0.84%), ZENITHBANK (-4.23%), and UBA (-0.23%), keeping the market in the positive terrain.
Consequently, the year-to-date return rose to 33.19%, while market capitalization gained N226.83 trillion to close at N56.31 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 38.63%. A total of 416.48m shares valued at N19.51 billion were exchanged in 9,338 deals.
TRANSCORP (+9.96%) led the volume chart with 67.34 million units traded, while TRANSPOWER (+9.99%) led the value chat with deals worth N11.78 billion.
Market breadth closed negative at a 0.62-to-1 ratio with declining issues outnumbering the advancing ones.
IKEJAHOTEL (-10.00%) topped twenty-eight others on the laggard’s table while TRANSPOWER (+9.99%) led seventeen others on the leader’s log.
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