MON, DEC 11 2023-theGBJournal|Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.18% stronger to close at 71,669.91 points.
Gains in telco heavyweight MTNN (+0.59%), alongside BUACEMENT (+0.52%) and ZENITHBANK (+1.43%) offset the declines in ACCESSCORP (-0.25%), FBNH (-1.89%) and TRANSCORP (-1.32%).
Consequently, the year-to-date (YTD) return rose to 39.84%, while the market capitalization gained N70.14bn to close at N39.22trn
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 46.53%. A total of 375.32m shares valued at N3.85bn were exchanged in 7,011 deals.
VERITASKAP (+2.86%) led the volume chart with 88.84m units traded while ACCESSCORP (-0.25%) led the value chart in deals worth N612.70m.
Market breadth closed positive at a 1.17-to-1 ratio with advancing issues outnumbering declining ones. ETI (+9.88%) topped twenty-six others on the leader’s table while RTBRISCOE (-9.68%) led twenty-two others on the laggard’s log.
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