TUE. 06 DEC, 2022-theGBJournal| For the third consecutive session, the Lagos bourse maintained the bull run bringing the benchmark index up by 0.23% to close at 48,366.69 points..
Sustained buying interest in industrial heavyweight, BUACEMENT (+2.50%) drove the market’s positive performance alongside WAPCO (+0.92%), UBA (+0.69%) and ETI (+4.98%) offsetting losses in banking names, ZENITHBANK (-0.68%), GTCO (-1.64%) and FBNH (-1.37%).
As a result, the year-to-date (YTD) return rose to 13.23%, with the market capitalization increasing by N61.60bn to close at N26.34trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 13.37%. A total of 182.80m shares valued at N3.55bn were exchanged in 3,114 deals.
FBNH (-1.37%) led the volume chart with 66.11m units traded while GEREGU (-2.44%) led the value chart in deals worth N1.75bn.
Market breadth closed positive at a 1.25-to-1 ratio with advancing issues outnumbering declining ones. HONYFLOUR (+8.06%) topped fourteen (14) others on the leader’s log, while UPDC (-7.07%) led eleven (11) others on the laggard’s table.
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