WED SEPT 25 2024-theGBJournal| The Nigerian equities market maintained its winning streak on Wednesday, underpinned by investors’ demand for SEPLAT (+10.0%).
The NGX ASI inched higher by 0.4% to close at 98,987.42 points. The MTD and YTD gains advanced to +2.5% and +32.4%, respectively while the market capitalization gained N240.67 billion to N56.88 trillion.
The total volume traded declined by 20.9% to 603.30 million units, valued at N12.58 billion, and exchanged in 9,723 deals.
FIDELITYBK remained the most traded stock by volume at 121.73 million units, while FBNH was the most traded stock by value at N3.46 billion.
From a sectoral standpoint, the Oil & Gas (+3.3%) and Consumer Goods (+0.5%) indices gained, while the Banking (-0.7%) and Insurance (-0.4%) indices closed in the red. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 30 tickers gained relative to 24 losers. FLOURMILL (+10.0%) and SEPLAT (+10.0%) topped the gainers’ list, while MULTIVERSE (-9.9%) and CAVERTON (-9.9%) recorded the highest losses of the day.
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