…A total of 591.01 million shares valued at N24.84 billion were exchanged in 6,987 deals.
…CHAMPION (+0.53%) led the volume chart with 255.28 million units traded, while SEPLAT (-0.67%) led the value chart in deals worth N19.48 billion.
TUE OCT 22 2024-theGBJournal| The Nigerian equities market closed higher on Tuesday, as investors assessed a raft of corporate earnings from bellwether and heavyweight firms.
The benchmark index, the NGX All-Share Index (NGXASI) rallied 20bps from 98,694.80 points to 98,892.58 points with market capitalization jumping to N59.92 trillion from N59.80 trillion.
Gains in Tier-1 banks namely, GTCO (+2.94%), ZENITHBANK (+0.13%) alongside OANDO (+2.00%) offset losses in SEPLAT (-0.67%), DANGSUGAR (-8.82%) and FIDELITYBK (-1.79%), keeping the market in the green.
Consequently, the year-to-date (YTD) return rose to 32.26%.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 9.88%.
A total of 591.01 million shares valued at N24.84 billion were exchanged in 6,987 deals.
CHAMPION (+0.53%) led the volume chart with 255.28 million units traded, while SEPLAT (-0.67%) led the value chart in deals worth N19.48 billion.
Market breadth closed positive at a 1.64-to-1 ratio with advancing issues outnumbering declining ones. TRANSCOHOT (+9.28%) topped twenty-two others on the leader’s log, while JOHNHOLT (-9.84%) led thirteen others on the laggard’s table.
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