TUE SEPT 10 2024-theGBJournal| The NGX Exchange closed higher on Tuesday as bullish sentiments resurfaced with gains in MTNN (+7.5%) and OANDO (+6.7%).
The benchmark index, the All-Share Index 9ASI) closed higher by 0.6% to 96,802.80 points as the Month-to-Date and Year-to-Date returns settled higher at +0.2% and +29.5%, respectively.
Market capitalization gained N343.22 billion to close at N55.63 trillion on the back of the bounce.
The total volume of trades declined by 46.8% to 406.19 million units, valued at N13.31 billion, and exchanged in 12,234 deals. OANDO was the most traded stock by volume and value at 58.49 million units and N5.52 billion, respectively.
On sectors, the Banking (-0.5%), Insurance (-0.4%), and Consumer Goods (-0.2%) indices settled lower, while the Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was positive (1.8x), as 30 tickers gained relative to 17 losers.
RTBRISCOE (+9.9%) and CALVERTON (+9.8%) topped the gainers’ list, while LEARNAFRICA (-9.7%) and JAPAULGOLD (-6.7%) recorded the highest losses of the day.
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