MON. 19 DEC, 2022-theGBJournal| The Nigerian equities market extended gains from last week as the benchmark index closed 0.16% stronger to settle at 49,396.04 points at the end of today’s trading.
Buy interests in index heavyweight BUAFOODS (+2.52%), alongside Tier-1 banks, GTCO (+3.35%), ACCESSCORP (+1.18%), UBA (+0.68%) outweighed losses in ZENITHBANK (-0.41%) and FBNH (-0.46%) to keep the market in the green.
Consequently, the year-to-date (YTD) return rose to 15.64%, while market capitalization gained N43.44bn to close at N26.90trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 36.57%.
A total of 69.14m shares valued at N1.27bn were exchanged in 3,174 deals. GTCO (+3.35%) led the volume and value charts with 16.61m units traded in deals worth N352.21m.
Market breadth closed negative at a 1.11-to-1 ratio with declining issues outnumbering advancing ones. PZ (-7.26%) topped nine (9) others on the laggard’s log, while INTBREW (+5.81%) led eight (8) others on the gainer’s table.
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