THUR, NOV 09 2023-theGBJournal|Gains in Tier 1 banking names, GTCO (+0.56%), UBA (+0.24%), and FBNH (+3.36%) offset losses in ZENITHBANK (-0.45%), STANBIC (-0.07%) and DANGSUGAR (-0.32%), helped propel the NGX benchmark index, the ALL-Share Index, up today by 0.07% to close at 70,819.58 points.
With today’s gains, the market remains on track for a week of gain.
The year-to-date (YTD) return rose to 38.18%, while the market capitalization gained N25.42bn to close at N38.91trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 71.44%. A total of 569.19m shares valued at N16.79bn were exchanged in 6,169 deals.
JAPAULGOLD (+9.58%) led the volume chart with 113.96m units traded, while STANBIC (-0.07%) led the value chart in deals worth N6.78bn.
Market breadth closed negative at a 1.33-to-1 ratio with declining issues outnumbering advancing ones. VFDGROUP (-10.00%) led nineteen others on the laggard’s log while UPDC (+9.91%) topped fourteen others on the leader’s table.
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