THUR JAN 02 2025-theGBJournal|The Nigerian equities market commenced the first trading session of the year on a positive note on Thursday, buoyed by gains in UNILEVER (+9.3%), UCAP (+9.8%), ZENITHBANK (+0.8%), UBA (+0.59%), and FBNH (+0.53%).
The benchmark index, All-Share Index advanced by 0.3% to 103,180.14 points, with the Year-to-Date return settling at +0.3% while market capitalization gained N154.73 billion to close at N62.92 trillion.
The total volume traded increased by 89.6% to 829.75 million units, valued at N5.67 billion, and exchanged in 11,752 deals.
ROYALEX was the most traded stock by volume at 290.99 million units, while ZENITHBANK was the most traded stock by value at N680.67 million.
Across sectors, the Insurance (+9.5%), Banking (+0.3%), and Consumer Goods (+0.2%) indices posted gains, while the Industrial Goods and Oil and Gas indices closed flat.
As measured by market breadth, market sentiment was positive (7.1x), as 57 tickers gained relative to 8 losers.
INTENEGINS (+10.0%) and ROYALEX (+10.0%) led the gainers, while ELLAHLAKES (-4.8%) and NASCON (-4.3%), OANDO (-0.30%), and WAPCO (-0.29%) posted the most significant losses of the day.
In currency markets, the naira closed flat at N1,538.23/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) while both sterling and euro lost ground against a strengthening dollar in Europe.
The euro was down 0.66% to $1.0285 while the British pound traded 1.16% down at $1.237.
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