TUE SEPT 17 2024-theGBJournal| The Nigerian equities market closed higher Tuesday, sustaining last week’s positive sentiments as investors focus on large-cap stocks based on recent corporate actions.
Interest in GEREGU (+5.00%), GTCO (+1.96%), and FBNH (+10.00%) outweighed losses in ZENITHBANK (-0.81%), OANDO (-9.94%) and STANBIC (-0.87%).
As a result, the ASI year-to-date return increased to 30.64%, while the market capitalization gained N128.80 billion today.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.31%. A total of 471.30 million shares valued at N9.40 billion were exchanged in 12,061 deals.
JAPAULGOLD (-0.00) led the volume chart with 72.27m units traded, while FBNH led the value chart in deals worth N1.46 billion
Market breadth closed positive at a 1.04-to-1 ratio with advancing issues outnumbering declining ones. FBNH (+10.00%) topped twenty-five others on the leader’s log, while ETERNA (-10.00%) led twenty-four others on the laggard’s table.
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