TUE, MAR 12 2024-theGBJournal| Nigerian stocks added to Monday’s gains following sustained sustained interest in MTNN (+9.98%), TRANSPOWER (+2.44%), and GTCO (+2.63%).
The interest offset selloffs in DANGSUGAR (-5.23%), TRANSCORP (-4.49%) and NASCON (-6.77%), keeping the market in the positive terrain.
Consequently, the NGX Exchange benchmark index, the All-Share Index rose 1.45% to settle at 103,524.44 points.
The year-to-date (YTD) return rose to 38.45%, while market capitalization gained N836.58 billion to close at N58.53 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 16.76%. A total of 565.79m shares valued at N14.23 billion were exchanged in 11,519 deals.
TRANSCORP (-4.49%) led the volume chart with 170.72 million units traded, while TRANSPOWER (+2.44%) led the value chat with deals worth N3.51 billion.
Market breadth closed positive at a 2.36-to-1 ratio with advancing issues outnumbering the declining ones.
UBA(+10.00%) topped thirty-two others on the leader’s table while TANTALIZER (-7.89%) led thirteen others on the laggard’s log.
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