WED. 22 FEB, 2023-theGBJournal| The local bourse bounced back today, paring the prior session’s loss, as the benchmark Index closed 0.23% higher to settle at 54,315.53 points.
The National Bureau of Statistics (NBS) today released Nigeria’s GDP numbers for Q4-22, showing domestic economic activities growing by 3.52% y/y (Q3-22: +2.25% y/y | Q4-21: +3.98% y/y).
However, the market’s performance today was bolstered by renewed investor interests in ZENITHBANK (+0.80%), GTCO (+0.80%), ACCESSCORP (+0.55%) and GEREGU (+10.00%).
As a result, the year-to-date (YTD) return rose to 5.98%, while the market capitalization gained N68.76bn to close at N29.59trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 74.82%.
A total of 129.91m shares valued at N3.92bn were exchanged in 2,678 deals. AIICO (+0.00%) led the volume chart with 16.18m units traded while SEPLAT (+0.00%) led the value chart in deals worth N1.10bn.
Market breadth closed positive at a 1.44-to-1 ratio with advancing issues outnumbering declining ones. GEREGU (+10.00%) topped twelve others on the leader’s log while WAPIC (-6.82%) led eight others on the leader’s table.
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