MON. 13 FEB, 2023-theGBJournal| Equities on the NGX Exchange opened the week positive today as the benchmark index advanced by 0.07% to close at 54,364.67 points.
Positive investor interests in ZENITHBANK (+1.79%), WAPCO (+2.35%) and ACCESSCORP (+0.55%) kept the broader index afloat, offsetting losses in GTCO (-0.20%) and FBNH (-1.69%). As a result, the year-to-date (YTD) return rose to 6.08%, while market capitalization gained N20.35bn to close at N29.61trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 40.72%. A total of 140.84m shares valued at 3.16bn were exchanged in 3,553 deals. UBA (+0.60%) led the volume chart with 28.62m shares traded while DANGCEM (+0.00%) led the value chart in deals worth N812.89m.
Market breadth closed positive at a 1.86-to-1 ratio, with advancing issues outnumbering declining ones. CONOIL (+9.98%) led twelve others on the leader’s table, while FIDELITYBK (-2.87%) topped six others on the laggard’s log.
Meanwhile, the naira appreciated by 0.1% to NGN461.00/USD at the I&E window while the overnight lending rate contracted by 32bps to 10.8%, in the absence of any significant inflow into the system.
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